Announced
Completed
Synopsis
VSE, a provider of aftermarket distribution and maintenance, repair and overhaul services for land, sea and air transportation assets, completed the acquisition of HAECO Special Services, an aircraft services provider. Financial terms were not disclosed. “This transaction further expands our value-added suite of MRO solutions available to military customers, while positioning us to capitalize on higher-margin technical service opportunities. HSS’ operating income and cash flow profile, strong backlog and contract diversification efforts are highly complementary to our federal & defense services business and strategy, positioning us to further support military and government customers with on-demand MRO support for aging, mission-critical assets," John Cuomo, VSE President and CEO.
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