Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Apr. 26, 1:31 PM
This Slide: #16 of 100 |
Slide #16. VSE Corporation — Turbine Controls, Inc.
Acquirer:
VSE Corporation (NASDAQ:VSEC)
Acquiree:
Turbine Controls, Inc.
Details:
VSE Corporation ("VSE" or the "Company") (NASDAQ:VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Turbine Controls, LLC (f/k/a Turbine Controls, Inc.) ("TCI"), a leading provider of aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories.
VSE is an aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets. Co.'s segments include: Aviation, which provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul services; Fleet, which provides parts supply, inventory management, e-commerce fulfillment, logistics and other services; and Federal and Defense, which provides aftermarket refurbishment and sustainment services. Co. also provides energy consulting services and information technology solutions.
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Strong Buy (3.80 out of 4) 71st percentile
(ranked higher than approx. 71% of all stocks covered)
Analysts' Target Price: VSEC Stock Forecast Based on Zacks ABR data; powered by Xignite |