AE Industrial Partners Completes Sale of Kellstrom Aerospace to VSE Corporation 
 
 
BOCA RATON, Fla.--(BUSINESS WIRE)--December 03, 2024-- 
 
   AE Industrial Partners, LP ("AE Industrial"), a private equity firm 
specializing in National Security, Aerospace, and Industrial Services, 
today announced that it has completed the sale of Kellstrom Aerospace 
Group, Inc. ("Kellstrom"), a diversified global distributor and service 
provider supporting the commercial aerospace engine aftermarket, for 
$200 million to VSE Corporation ("VSE") $(VSEC)$, a leading 
provider of aftermarket distribution and repair services. 
 
 
   Kellstrom is a leading full-service aftermarket solutions provider of 
value-added distribution and technical services for the commercial 
aerospace engine aftermarket. Differentiated by a highly technical, 
high-touch global sales and product line management organization, 
Kellstrom supports over 30 OEMs and approximately 800 customers, 
including airlines, air cargo operators, lessors, OEMs, and MROs across 
75 countries. Under AE Industrial's ownership, Kellstrom expanded both 
organically and through three capability-enhancing strategic 
acquisitions, including The Aircraft Group, Transaero Commercial 
Distribution and Vortex Aviation. 
 
 
   "We are grateful for the support, guidance, and resources AE Industrial 
has provided throughout our partnership," added Oscar Torres, President 
& CEO of Kellstrom. "Working closely together we have enhanced our 
operations, achieved significant business growth, incorporated new 
maintenance capabilities and expanded our records management services 
and distribution lines." 
 
 
   "It has been a privilege to work alongside our management team to create 
a leading, independent distributor of flight critical products and 
technical services to the commercial aerospace aftermarket," said 
Charlie Compton, Managing Partner at AE Industrial. "We wish the 
Kellstrom team continued success as they move forward into their next 
chapter with VSE." 
 
 
   Perella Weinberg Partners served as exclusive financial advisor to 
Kellstrom on the transaction. 
 
 
   About AE Industrial Partners: 
 
 
   AE Industrial Partners is a private investment firm with $5.6 billion of 
assets under management focused on highly specialized markets including 
national security, aerospace and industrial services. AE Industrial 
Partners has completed more than 130 investments in market-leading 
companies that benefit from its deep industry knowledge, operating 
experience, and network of relationships across the sectors where the 
firm invests. With a commitment to driving value creation in partnership 
with the management teams of its portfolio companies, AE Industrial 
Partners invests across private equity, venture capital, and aerospace 
leasing. 
 
 
   About Kellstrom Aerospace: 
 
 
   Kellstrom Aerospace is an aerospace aftermarket business focused on 
providing new parts, surplus material and other technical services to 
airlines, MROs and lessors. Kellstrom Aerospace provides its customers 
with instant access to one of the world's largest and most comprehensive 
inventories of new and pre-owned aircraft parts and offers world-class 
supply chain solutions, including new OEM parts distribution, 
consignment management, pre-owned parts distribution, repair management, 
overhauled rotable components, parts exchange, whole engine assets and 
fleet provisioning programs. 
 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20241202772287/en/

 
 
    CONTACT:    Media Contact: 
 
   Matthew Conroy 
 
   Stanton 
 
   (646) 502-3563 
 
 
   mconroy@stantonprm.com 
 
 
 
 
 
 

(END) Dow Jones Newswires

December 03, 2024 10:49 ET (15:49 GMT)