{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-028344","form_type":"8-K","ticker":"VSEC","cik":"0000102752","company_name":"VSE CORP","filed_at":"2026-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.423252+00:00","generated_at":"2026-05-16T06:14:40.777684+00:00","sec_items":["1.01","2.02","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"VSE to acquire Precision Aviation Group for $2.025B; prelim FY25 rev ~$1.1B, adj EBITDA ~$180M","bullets":["Total upfront consideration $2.025B: $1.75B cash + $275M newly issued equity, plus up to $125M earnout based on FY2026 profitability targets.","PAG expected 2025 adjusted revenue ~$615M; acquisition projected to increase VSE aviation revenue by ~50% on a pro forma basis.","Deal expected to close by July 29, 2026, subject to HSR, Australian, and UK foreign-direct-investment approvals; 3-month extension possible.","Preliminary Q4 2025 consolidated revenue $290-304M, operating income $27-34M, Adjusted EBITDA $45-53M; positive free cash flow for FY2025.","VSE expects consolidated Adjusted EBITDA margin to exceed 20% over next few years; PAG margin immediately accretive."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-028344","json":"https://secwatch.observer/filing/0001193125-26-028344.json","markdown":"https://secwatch.observer/filing/0001193125-26-028344.md","text":"https://secwatch.observer/filing/0001193125-26-028344.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/102752/000119312526028344/0001193125-26-028344-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/102752/000119312526028344/d802184d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:14:40.777684+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"845c743101b05fb21ca92162b6f7c927e7db56d5","claim":"VSE CORP entered into Purchase Agreement with GenNx360 PAG Buyer, LLC valued at $2.025 billion (effective 2026-01-29).","evidence_excerpt":"On January 29, 2026, VSE Corporation (“VSE” or the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) with VSE Mach HoldCo Acquisition Corp., a Delaware corporation and a direct, wholly-owned subsidiary of the Company (“Rollover Purchaser”), VSE Mach Acquisition Corp., a Delaware corporation and a direct, wholly-owned subsidiary of Rollover Purchaser (“Cash Purchaser”), GenNx/PAG IntermediateCo Inc., a Delaware corporation (“PAG HoldCo”), and GenNx360 PAG Buyer, LLC, a Delaware limited liability company (“Seller”), pursuant to which VSE will acquire all of the capital stock of PAG HoldCo, which is the parent company of PAG Holding Corp. (d/b/a Precision Aviation Group) (“PAG”), a portfolio company of GenNx360 Capital Partners (such acquisition, the “PAG Acquisition”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/102752/000119312526028344/0001193125-26-028344-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"GenNx360 PAG Buyer, LLC"},{"label":"Value","value":"$2.025 billion"},{"label":"Effective","value":"2026-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}