secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-032646
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000119312526032646/0001193125-26-032646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000119312526032646/d102500d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-032646

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