VSE Corporation Announces the Acquisition of Aero 3
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
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Source: Business Wire
Expands VSE Aviation’s Presence and Strength in the Global Wheel and Brake Aftermarket MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, announced today that it has signed a definitive agreement to acquire GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, Inc. (“Aero 3”), a portfolio company of GenNx360 Capital Partners and a diversified global Maintenance, Repair and Overhaul (MRO) service provider and distributor supporting the commercial wheel and brake aftermarket.MANAGEMENT COMMENTARY“We are pleased to announce the acquisition of Aero 3, an important step in expanding our global wheel and brake aftermarket capabilities,” said John Cuomo, President and CEO of VSE Corporation. “This acquisition aligns perfectly with our OEM-centric strategy and builds upon the success of our Desser Aerospace acquisition. Aero 3 broadens our MRO, distribution, and
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