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New Deal


Announced

Completed

VSE completed the acquisition of Turbine Controls for $120m.

Financials

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Transaction Value£94m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

aircraft maintanance

aircraft repair

Friendly

United States

Maintenance Repair and Overhaul (MRO)

Acquisition

Private

Domestic

Single Bidder

Completed

Synopsis

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VSE, a provider of aftermarket distribution and repair services, completed the acquisition of Turbine Controls, an aircraft maintenance, repair & overhaul services provider, for $120m. “We are very pleased to officially welcome the TCI team to the VSE Aviation Family. The acquisition presents an opportunity for our VSE Aviation segment to accelerate its Maintenance, Repair, and Overhaul (“MRO”) strategy, including expanding our repair capability offerings and adding several new OEM relationships. In addition, the acquisition strengthens our position in the commercial engine MRO aftermarket while providing additional opportunities for organic growth and market share gains,” John Cuomo, VSE President and CEO.

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