VSE Completes $230M Fleet Sale to Strengthen Aviation Focus

VSE Corporation (VSEC) , a leader in aftermarket distribution and repair services, has completed the sale of its Fleet business segment, Wheeler Fleet Solutions. The transaction with One Equity Partners is valued at up to $230 million.The company plans to use the initial cash proceeds to repay outstanding borrowings under its revolving loan facility.VSEC stock climbed 1.5% during the trading session yesterday.Strategic Divestment Strengthens VSEC's Position in AviationThe strategic divestment of the Fleet b ...