On the Record · VSE
VSE acquisitions, on the record
The businesses VSE bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Precision Fuel Components, LLCWord for word“On February 1, 2023, our Aviation segment acquired Precision Fuel Components, LLC ("Precision Fuel") for a purchase price of $ 11.7 million.” 10-K for 2023 | acquisition | February 1, 2023 | $ 11.7 million |
Desser Holding Company LLC (Desser Aerospace)Word for word“On July 3, 2023, we completed the acquisition of Desser Holding Company LLC ("Desser Aerospace"), a global aftermarket solutions provider of specialty distribution and MRO services.” 10-K for 2023 | acquisition | July 3, 2023 | — |
Honeywell Fuel Control SystemsWord for word“On September 27, 2023, our Aviation segment entered into an Asset Purchase and License Agreement with Honeywell International Inc. ("Honeywell"), for a purchase price of $ 105.0 million, to exclusively manufacture, sell, market, distribute, and repair certain Honeywell fuel control systems (the "Honeywell FCS Acquisition").” 10-K for 2023 | agreed acquisition | September 27, 2023 | $ 105.0 million |
Turbine Controls, Inc.Word for word“On February 29, 2024, we signed a definitive agreement to acquire Turbine Controls, Inc. ("TCI"), a leading provider of aftermarket MRO support services for complex engine components, as well as engine and airframe accessories, across commercial and military applications.” 10-K for 2023 | agreed acquisition | February 29, 2024 | — |
propriety solutions businesses (sold to Loar)Word for word“(vi) expressly permitting the Desser Aerospace acquisition and the subsequent and simultaneous sale of the propriety solutions businesses to Loar (the "Loar Sale").” 10-K for 2023 | divestiture | — | — |
Turbine Controls, Inc. (TCI)Word for word“On April 24, 2024, we completed the acquisition of TCI for a total consideration of $ 122.4 million, consisting of net cash consideration of $ 112.4 million, which included $ 1.5 million as a net working capital adjustment, and in-kind payment in the form of shares of the Company's common stock with a value equal to approximately $ 10.0 million.” 10-K for 2024 | acquisition | April 24, 2024 | 122.4 million |
Kellstrom Aerospace Group, Inc. (Kellstrom Aerospace)Word for word“On December 3, 2024, we completed the acquisition of Kellstrom Aerospace for a total consideration of approximately $ 191.0 million, subject to post-closing adjustments, consisting of net cash consideration of $ 170.8 million and in-kind payment in the form of shares of the Company's common stock with a value equal to approximately $ 20.3 million.” 10-K for 2024 | acquisition | December 3, 2024 | approximately $ 191.0 million |
Fleet segmentWord for word“In February 2025, we entered into an agreement to sell the Fleet segment.” 10-K for 2024 | agreed divestiture | February 2025 | — |
Precision Fuel Components, LLC (Precision Fuel)Word for word“On February 1, 2023, our Aviation segment acquired Precision Fuel Components, LLC for a purchase price of $ 11.7 million.” 10-K for 2024 | acquisition | February 1, 2023 | 11.7 million |
Honeywell fuel control systems (Honeywell FCS Acquisition)Word for word“On September 27, 2023, our Aviation segment entered into an Asset Purchase and License Agreement with Honeywell International Inc. ("Honeywell"), for a purchase price of $ 105.0 million, to exclusively manufacture, sell, market, distribute, and repair certain Honeywell fuel control systems.” 10-K for 2024 | acquisition | September 27, 2023 | 105.0 million |
Precision Aviation Group ("PAG")Word for word“On January 29, 2026, the Company entered into a stock purchase agreement (the “Purchase Agreement”) to acquire Precision Aviation Group ("PAG"), a portfolio company of GenNx360 Capital Partners, for total upfront consideration of approximately $2.025 billion in cash and equity (the “PAG Acquisition”).”” 10-K for 2025 | agreed acquisition | January 29, 2026 | approximately $2.025 billion in cash and equity |
Turbine Weld Industries, LLC ("Turbine Weld")Word for word“In May 2025, the Company completed the acquisition of Turbine Weld Industries, LLC ("Turbine Weld"), a specialized MRO provider of complex technical and proprietary engine components for business and general aviation platforms.” 10-K for 2025 | acquisition | May 2025 | — |
GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, Inc.Word for word“On December 23, 2025, the Company completed the previously announced acquisition of GenNx/AeroRepair IntermediateCo Inc., the parent company of Aero 3, Inc., for a total cash consideration, subject to working capital adjustments, of $ 346.4 million, net of cash acquired of $ 1.4 million.” 10-K for 2025 | acquisition | On December 23, 2025 | $ 346.4 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $63,000 | — | $77,000 |
| 2017-12-31 | $0 | — | $0 |
| 2018-12-31 | $0 | — | $0 |
| 2019-12-31 | $113.2 million | — | $77.8 million |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $53.3 million | — | $10.6 million |
| 2022-12-31 | $0 | $0 | — |
| 2023-12-31 | $218.6 million | $0 | $134.5 million |
| 2024-12-31 | $283.1 million | $40.2 million | $140.8 million |
| 2025-12-31 | $394.1 million | $139 million | $229.8 million |
Deal filings since 2016
- 2026-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-05-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-02-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-10-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-02-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-10-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-04-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-07-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-05-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from VSE’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.