VSE Enhances Aviation Position With Kellstrom Aerospace Acquisition

VSE Corporation (VSEC) , a leader in aftermarket distribution and repair services, has completed the acquisition of Kellstrom Aerospace Group, Inc. The transaction strengthens VSEC's position in the commercial aerospace engine aftermarket.This acquisition was valued at around $185 million in cash and 172,414 common shares of VSEC. The purchase was funded through proceeds from a public offering and borrowings under VSEC's existing credit facility.VSE Strengthens Aviation With Kellstrom AcquisitionThis acquis ...