---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-032646"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2026-02-02T23:59:59+00:00"
generated_at: "2026-05-16T05:31:57.775252+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VSE Corp to acquire Precision Aviation Group (PAG); PAG 2024 revenue $472M, net income $6.8M

## Summary
- VSE entered stock purchase agreement on Jan 29, 2026 to acquire all capital stock of PAG Holdco; closing subject to regulatory approvals.
- PAG 2024 revenue $472M (up 17% YoY from $402.5M); net income $6.8M vs. loss $956K in 2023.
- PAG total assets $1.02B as of Dec 31, 2024, with goodwill $392M and intangible assets $291M.
- PAG long-term debt (incl. related party) $626M at Dec 31, 2024; acquisition funded via $311M debt issuance and $195M equity contributions.
- Audited PAG financials (FY 2024, FY 2023) and unaudited pro forma combined info for nine months Sep 2025 and FY 2024 filed as exhibits.

## SEC filing metadata
- accession: 0001193125-26-032646
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2026-02-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000119312526032646/0001193125-26-032646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000119312526032646/d102500d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-032646
- JSON: https://secwatch.observer/filing/0001193125-26-032646.json
- Plain text: https://secwatch.observer/filing/0001193125-26-032646.txt

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