VSE Corporation (VSEC) has priced its public offerings, selling 3.99M common shares at $188 each to raise about $750M, along with 8M of its 5.750% tangible equity units totaling $400M. Both offerings were upsized from earlier plans. The common stock offering was increased ...

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 commenced concurrent underwritten public offerings, subject to market and other conditions, of $650 million of its common stock and tangible equity units (the "Units†) with an aggregate stated amount of $350 million, pursuant to an effective shelf registration statement. In addition, VSE intends to grant the under ...

Core Viewpoint - VSE Corporation has announced a definitive agreement to acquire Precision Aviation Group (PAG) for approximately $2.025 billion, which is expected to significantly enhance VSE's aviation aftermarket strategy and profitability over the coming years [2][6]. Deal Rationale: Scale, Footprint, and Capabilities - The acquisition is projected to increase VSE's revenue by about 50% on a pro forma basis and aims for more than 20% consolidated adjusted EBITDA margins in the next few years as integration and synergies are realized [3][6]. - Management anticipates approximately $15 million in annualized synergies from the acquisition, driven by procurement, network optimization, and cross-selling opportunities [6]. - The combination of VSE and PAG is described as complementary, with minimal overlap in capabilities, enhancing VSE's global footprint and improving customer service metrics such as turnaround times and supply chain responsiveness [3][5]. Operational Expansion - Post-acquisition, the combined company will operate 60 locations globally, which includes 47 repair facilities and 11 distribution centers of excellence [4]. - PAG is recognized as a global provider of aviation aftermarket MRO services, distribution, and supply chain solutions across various aviation sectors, including commercial, business, general aviation, rotorcraft, and defense [5]. Financial Details - The deal structure includes $1.75 billion in cash, approximately $275 million in equity to GenNx360, and up to $125 million in earnout, valuing PAG at about 13.5 times projected 2025 adjusted EBITDA [6]. - PAG is expected to contribute approximately $615 million in pro forma revenue for 2025, with adjusted EBITDA margins exceeding 20% [6].

PresentationGood day, and thank you for standing by. Welcome to the VSE Corporation's Conference Call. [Operator Instructions] I would now like to hand the conference over to your first speaker today, Michael Perlman. Please go ahead.Michael PerlmanVice President of Investor Relations & Communications Thank you. Joining me today are John Cuomo, President and CEO; and Adam Cohn, our Chief Financial Officer. Today's call will address the press release issued this morning announcing VSE Corporation has entered ...

Exhibit 2.1 CERTAIN INFORMATION CONTAINED IN THIS STOCK PURCHASE AGREEMENT HAS, PURSUANT TO ITEM 601(B)(2) OF REGULATION S-K, BEEN OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [***] BECAUSE SUCH INFORMATION IS BOTH NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. EXECUTION VERSION STOCK PURCHASE AGREEMENT by and among VSE CORPORATION, VSE MACH HOLDCO ACQUISITION CORP., VSE MACH ACQUISITION CORP., GENNX/PAG INTERMEDIATECO INC. and ...

VSE (NasdaqGS:VSEC) M&A announcement January 29, 2026 08:00 AM ET Company ParticipantsAdam Cohn - CFOJohn Cuomo - CFAJonathan Siegmann - Managing Director in Investment BankingKen Herbert - Managing DirectorLouis Raffetto - CFAMichael Perlman - Head of Investor RelationsSamuel Struhsaker - Equity Research AssociateSheila Kahyaoglu - Managing DirectorConference Call ParticipantsJeff Van Sinderen - AnalystLouis DiPalma - Equity Research AnalystScott Deuschle - Director and Senior Equity AnalystOperatorGood da ...

Acquisition Announcement VSE to Acquire Precision Aviation Group vsecorp.com January 29, 2026 vsecorp.com Safe Harbor Statement Forward-Looking Statements This presentation contains statements that, to the extent they are not recitations of historical fact, constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act. All such statements are intended to be covered by the safe harbor provisions ...

Core Insights - The aerospace and defense industry is characterized by a long-term stable growth trajectory, with higher growth prospects in commercial aerospace and modest growth in defense sectors [1]. Group 1 - The Aerospace Forum is highlighted as a leading investment research service focused on aerospace, defense, and airline sectors, providing access to data analytics [1]. - The analyst, Dhierin-Perkash Bechai, has a background in aerospace engineering and aims to identify investment opportunities within the industry [1]. - The analysis provided by the forum is data-driven, offering context to industry developments and their potential impact on investment strategies [1].

Core Viewpoint - China has imposed sanctions on 20 US defense-related companies and 10 senior executives in response to a recent US arms sale package to Taiwan valued at $11.1 billion, indicating a firm stance on national sovereignty and territorial integrity [1][4]. Group 1: Sanctions Details - The Chinese Foreign Ministry announced actions against those involved in arming Taiwan, emphasizing strict repercussions for any provocations regarding Taiwan [2][3]. - The sanctions include freezing all movable and immovable properties and assets of the listed companies within China, and barring Chinese organizations and individuals from engaging in transactions or cooperation with these entities [4][5]. Group 2: Affected Companies and Executives - The 20 US companies sanctioned include Northrop Grumman Systems Corporation, L3Harris Maritime Services, Boeing in St Louis, and others, highlighting a significant impact on the US defense sector [3][4]. - The 10 senior executives targeted by the sanctions include leaders from companies such as Anduril Industries, L3Harris Technologies, and Advanced Acoustic Concepts, indicating a direct impact on key personnel in the defense industry [4]. Group 3: Context of US Arms Sale - The US arms sale package to Taiwan, announced on December 18, includes significant military equipment such as HIMARS rocket systems, howitzers, and Javelin anti-tank missiles, marking the largest arms package under the Trump administration [6].

Core Viewpoint - The Chinese government has announced countermeasures against U.S. military-related companies and senior executives in response to the U.S. decision to sell weapons to Taiwan, which China views as a violation of its sovereignty and territorial integrity [1][2]. Group 1: Countermeasures Against Companies - The Chinese government will freeze assets and prohibit transactions with 20 U.S. military-related companies, including Northrop Grumman Systems Corporation, L3Harris Maritime Services, and Boeing in St. Louis [1][4]. - The list of companies also includes Gibbs & Cox, Advanced Acoustic Concepts, VSE Corporation, and several others, all of which are specified in the countermeasure list [4][5]. Group 2: Countermeasures Against Executives - The countermeasures extend to 10 senior executives from the listed companies, including Palmer Luckey (founder of Anduril), John Cantillon (L3Harris), and Michael Carnovale (Advanced Acoustic Concepts) [2][5]. - These executives will have their assets frozen and will be prohibited from entering China, including Hong Kong and Macau [2][5]. Group 3: Implementation Date - The countermeasures will take effect on December 26, 2025 [3].