VSE Corporation Completes Turbine Controls, Inc. Acquisition
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
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Source: Business Wire
Acquisition Enhances OEM Authorized Repair Capabilities Within the High-Growth MRO Aviation Market ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Turbine Controls, LLC (f/k/a Turbine Controls, Inc.) (“TCI”), a leading provider of aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories.MANAGEMENT COMMENTARY“We are very pleased to officially welcome the TCI team to the VSE Aviation Family,” said John Cuomo, President and CEO of VSE Corporation. “The acquisition presents an opportunity for our VSE Aviation segment to accelerate its Maintenance, Repair, and Overhaul (“MRO”) strategy, including expanding our repair capability offerings and adding several new OEM relationships. In addition, the acquisition strengthens our position in the
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