VSE Completes Acquisition of AE Industrial Partners' Kellstrom Aerospace Unit
VSE (VSEC) has completed the acquisition of AE Industrial Partners' unit Kellstrom Aerospace for $200 million, the companies said Tuesday.
VSE said it acquired the unit for $185 million in cash and over 172,000 company shares, adding that it funded the cash portion of the acquisition with proceeds from a stock offering and borrowings under its existing credit facility.
Kellstrom Aerospace is a commercial aerospace engine aftermarket distributor and service provider, the company said.
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