---
schema_version: "secwatch.filing_event.v1"
accession: "0000102752-24-000041"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:17:28.046746+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VSE closes $120M acquisition of Turbine Controls, Inc.

## Summary
- Total consideration approx. $120M: $110M cash + $10M VSEC common shares, subject to working capital adjustments.
- Adds engine component and accessory repair capabilities, new OEM authorizations, and strengthens VSE Aviation's MRO strategy.
- TCI is a 45-year-old provider of aftermarket repair and overhaul for engine components and airframe accessories.
- Acquisition enhances position in commercial engine MRO aftermarket, supporting organic growth and market share gains.

## SEC filing metadata
- accession: 0000102752-24-000041
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000010275224000041/0000102752-24-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000010275224000041/vsec-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102752-24-000041
- JSON: https://secwatch.observer/filing/0000102752-24-000041.json
- Plain text: https://secwatch.observer/filing/0000102752-24-000041.txt

## Key facts
- Material Agreements
  VSE CORP entered into Seventh Amendment to Fourth Amended and Restated Business Loan and Security Agreement with Citizens Bank, N.A. valued at Amendment provides flexibility for the Company to enter into certain accounts receivables factoring (effective 2024-04-23).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Value: Amendment provides flexibility for the Company to enter into certain accounts receivables factoring
  - Effective: 2024-04-23
  source text: On April 23, 2024, VSE Corporation (“VSE” or the “Company”) and a majority of its wholly owned subsidiaries, as borrowers, entered into that certain Seventh Amendment (the “Amendment”) to the Fourth Amended and Restated Business Loan and Security Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000010275224000041/0000102752-24-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.