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Announced

Completed

Bernhard Capital failed to acquire federal and defense segment from VSE for $100m.

Financials

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Transaction Value£79m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Private

Domestic

Friendly

Management Consulting

Majority

Single Bidder

maintenance and repair

Private Equity

Maintenance Repair and Overhaul (MRO)

Failed

Synopsis

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Bernhard Capital, a private equity management firm, failed to acquire federal and defense segment from VSE, a provider of aftermarket distribution and maintenance, repair and overhaul services, for $100m. “While today's announcement is unexpected, we intend to continue to pursue the divestiture of the Federal and Defense segment to accelerate our growth strategies as a two-segment aftermarket business. Our decision to terminate the agreement did not come lightly, but we believe it provides a favorable opportunity for our team members and shareholders to move more quickly and effectively toward the sale of this business and its assets,” John Cuomo, VSE Corporation President and CEO.

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