Business
VSE Corporation Announces Agreement to Sell Fleet Segment
Divestiture Will Complete Strategic Portfolio Transformation to a Pure-Play Aviation Aftermarket Parts and Services Provider MIRAMAR, Fla.--(BUSINESS WIRE)--
About this update from Vse Corporation
[{"type":"text","content":"\nDivestiture Will Complete Strategic Portfolio Transformation to a Pure-Play Aviation Aftermarket Parts and Services Provider\n\n MIRAMAR, Fla.--(BUSINESS WIRE)--\nVSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has entered into a definitive agreement to sell its Fleet business segment, Wheeler Fleet Solutions, to One Equity Partners (“OEP”) for up to $230 million in total consideration.\n\nVSE’s Fleet segment or Wheeler Fleet Solutions is a leading part distributor and engineering solutions provider servicing the medium and heavy-duty fleet market. Wheeler Fleet Solutions provides exceptional value to its customers by combining world-class customer service, parts expertise, proprietary IT solutions, and a complete line of medium and heavy-duty replacement parts.\n\nMANAGEMENT COMMENTARY\n\n\"The sale of our Fleet business is the final step in our strategic portfolio transformation, further simplifying and focusing our company, and strengthening our global leadership position as an aviation aftermarket parts and services provider,\" said John Cuomo, President and CEO of VSE Corporation. \"We entered 2025, laser-focused on our customers, supplier partners, growth, business integration and execution. We are deeply committed to delivering unparalleled value for our customers, suppliers, shareholders and employees as a higher-growth, higher-margin, pure-play company dedicated to supporting the global commercial, business and general aviation aftermarkets. This divestiture reaffirms our commitment to simplify our business and go-to-market strategy and solidifies our position as a leading provider of Aviation aftermarket distribution and repair services.”\n\nMr. Cuomo continued, “I am deeply appreciative and proud of our Wheeler Fleet Solutions team. Five years ago, we embarked on an ambitious customer diversification and transformation strategy focused on growing commercial and e-commerce business, while continuing to serve our long-standing customer, the United States Postal Service. During this time, we successfully diversified and grew the customer base and expanded product offerings, all while delivering industry leading service. The OEP team will provide a great home and support for this outstanding team and the next ph...