---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-237572"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:18:39.692312+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# VSE to acquire Kellstrom Aerospace for ~$200M; preliminary Q3 revenue $268-275M

## Summary
- Acquisition of Kellstrom Aerospace for ~$200M ($185M cash + $15M stock), expected Q4 2024 close.
- Kellstrom generated ~$175M revenue TTM; synergies of ~$4M expected; path to 15%+ EBITDA margins.
- Preliminary Q3 2024 revenue $268-275M; operating income $22-24M; adjusted EBITDA $31-34M.
- Aviation segment revenue +32-34% YoY; Fleet segment -10-15% YoY.
- Total debt ~$453M, net debt ~$442M; pro forma net leverage <3.5x after financing.

## SEC filing metadata
- accession: 0001193125-24-237572
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000119312524237572/0001193125-24-237572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000119312524237572/d731014d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-237572
- JSON: https://secwatch.observer/filing/0001193125-24-237572.json
- Plain text: https://secwatch.observer/filing/0001193125-24-237572.txt

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