secwatch.observer — SEC 8-K summary
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Issuer:     VSE CORP (VSEC)
CIK:        0000102752
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001193125-26-210245
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VSE completes $2.025B acquisition of Precision Aviation Group; 2025 revenue pro forma +50%
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- $1.75B cash + ~$275M equity to GenNx360; up to $125M earnout based on 2026 profitability.
- New $900M Term Loan B (2033 maturity) and revolver upsized to $500M (2030) used to fund acquisition.
- PAG had 2025 revenue of $595.6M, net income $16.6M; combined entity spans 61 locations, 48 repair facilities.
- Transaction expected to be immediately accretive to Adj. EBITDA margins; path to >20% consolidated margins.
- Q1 2026 earnings released same day; integration focus on cross-selling, repair insourcing, procurement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102752/000119312526210245/0001193125-26-210245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102752/000119312526210245/d115996d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-210245

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer