VSE Signs Definitive Deal To Acquire Kellstrom Aerospace Group For Total Consideration Of $200M
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VSE Corporation has signed a definitive agreement to acquire Kellstrom Aerospace Group for $200 million. The deal includes $185 million in cash and $15 million in VSE common stock. The acquisition is expected to close in Q4 2024, pending regulatory approval.
October 15, 2024 | 8:02 pm
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VSE Corporation is acquiring Kellstrom Aerospace Group for $200 million, with the deal expected to close in Q4 2024. This acquisition could enhance VSE's position in the aerospace aftermarket sector.
The acquisition of Kellstrom Aerospace Group by VSE Corporation is a significant move that could strengthen VSE's market position in the aerospace aftermarket. The deal involves a substantial cash component and a smaller stock component, indicating a strategic investment. The expected closing in Q4 2024, subject to regulatory approval, suggests a positive outlook for VSE's growth and expansion in the sector.
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