M&A
confidence high
sentiment positive
materiality 0.75
VSE completes sale of Fleet segment for up to $230M; becomes pure-play aviation aftermarket firm
VSE CORP
- Wheeler Fleet Solutions sold to One Equity Partners for total consideration up to $230M.
- Cash at closing $140M; seller note $25M; contingent earnout up to $65M.
- Sale completes strategic transformation to pure-play aviation aftermarket parts and services.
- Initial cash proceeds to repay outstanding borrowings under revolving loan facility.
- Jefferies acted as exclusive financial advisor; Jones Day as legal counsel.