VSE Corporation Completes Turbine Controls, Inc. Acquisition
Acquisition Enhances OEM Authorized Repair Capabilities Within the High-Growth MRO Aviation Market
MANAGEMENT COMMENTARY
“We are very pleased to officially welcome the TCI team to the VSE Aviation Family,” said
“Over the past 45 years, TCI has proudly delivered best-in-class service, and we have grown to become an industry leader in the MRO aftermarket,” said
AGREEMENT TERMS
VSE acquired TCI for a total consideration of approximately
ADVISORS
ABOUT
VSE is a leading provider of aftermarket distribution and repair services. Operating through its two key segments, VSE significantly enhances the productivity and longevity of its customers' high-value, business-critical assets. The Aviation segment is a leading provider of aftermarket parts distribution and maintenance, repair, and overhaul (MRO) services for components and engine accessories to commercial, business, and general aviation operators. The Fleet segment specializes in part distribution, engineering solutions, and supply chain management services catered to the medium and heavy-duty fleet market. For more detailed information, please visit VSE's website at www.vsecorp.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including statements regarding expected benefits of the acquisition of TCI. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, our ability to realize the expected benefits of the acquisition of TCI and the risk factors described in our reports filed or expected to be filed with the
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INVESTOR RELATIONS CONTACT:
Vice President of Investor Relations and
Phone: (954) 547-0480
Email: investors@vsecorp.com
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