{"id":727599,"date":"2023-02-01T08:06:19","date_gmt":"2023-02-01T13:06:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vse-aviation-acquires-precision-fuel-components\/"},"modified":"2023-02-01T08:06:19","modified_gmt":"2023-02-01T13:06:19","slug":"vse-aviation-acquires-precision-fuel-components","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vse-aviation-acquires-precision-fuel-components\/","title":{"rendered":"VSE Aviation Acquires Precision Fuel Components"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>VSE Aviation Acquires Precision Fuel Components<\/b><\/p>\n<p>ALEXANDRIA, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced that it has acquired Precision Fuel Components, LLC (\u201cPrecision Fuel\u201d), in an all-cash transaction. This transaction is immediately accretive to VSE\u2019s Aviation segment.\n<\/p>\n<p>\nFounded in 2001, Washington-based Precision Fuel is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (\u201cB&amp;GA\u201d) market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. Precision Fuel is a member of the Honeywell Authorized Warranty and Repair Station (AWARS) network.\n<\/p>\n<p><b>TRANSACTION RATIONALE<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Expands specialty distribution and MRO capabilities in B&amp;GA and Rotorcraft market.<\/b> By combining VSE Aviation\u2019s existing part distribution and MRO services with Precision Fuel\u2019s engine accessory and fuel system MRO services, VSE Aviation customers will have access to differentiating, full-service, on-demand repair and distribution solutions.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Accelerates customer acquisition within B&amp;GA market, building upon recent organic wins. <\/b>This transaction provides VSE Aviation access to new rotorcraft and fixed wing operator customers and expands VSE\u2019s MRO capabilities within new engine platforms. This acquisition will allow for significant cross-selling opportunities, positioning VSE Aviation to expand its market share within niche, B&amp;GA market adjacencies.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Further highlights VSE Aviation as an acquiror of choice for high-quality, growing B&amp;GA and Rotorcraft assets with established brands. <\/b>Given the fragmented nature of the B&amp;GA services industry, this transaction further positions VSE Aviation as a well-capitalized market consolidator focused on driving scale through both organic and inorganic growth.\n<\/li>\n<\/ul>\n<p><b>MANAGEMENT COMMENTARY<\/b><\/p>\n<p>\n\u201cWe are pleased to welcome the Precision Fuel team to the VSE Aviation family,\u201d stated John Cuomo, President and CEO of VSE Corporation. \u201cThis transaction represents an important strategic investment for our Aviation segment, one that expands our repair capabilities across a diverse base of global rotorcraft, fixed wing, and B&amp;GA customers. Precision Fuel\u2019s value-added, high-margin MRO solutions will complement our existing service capabilities, while positioning us to further enhance our unique value proposition.\u201d\n<\/p>\n<p>\n\u201cPrecision Fuel\u2019s customer-centric culture, long-term relationships, established OEM partnerships, and proven technical expertise are highly complementary to our existing business,\u201d stated Ben Thomas, President of VSE Aviation. \u201cWe look forward to leveraging our expanded suite of solutions across our combined base of customers, while continuing to provide industry-leading, on-demand products and services throughout our growing global footprint.\u201d\n<\/p>\n<p><b>ADVISORS<\/b><\/p>\n<p>\nJones Day served as legal counsel to VSE Corporation. Janes Capital Partners served as financial advisor and Karr Tuttle Campbell served as legal counsel to Precision Fuel Components, LLC.\n<\/p>\n<p><b>ABOUT VSE CORPORATION<\/b><\/p>\n<p>\nVSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include MRO services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE&#8217;s products and services, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.vsecorp.com%2F&amp;esheet=53296160&amp;newsitemid=20230201005269&amp;lan=en-US&amp;anchor=www.vsecorp.com&amp;index=1&amp;md5=8cfec836b7ab55864d1ce8a568291963\">www.vsecorp.com<\/a>.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release contains certain forward-looking statements. 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&#8217;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, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230201005269r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230201005269\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230201005269\/en\/<\/a><\/span><\/p>\n<p>\nNoel Ryan | 720.778.2415 | <a rel=\"nofollow\" href=\"mailto:investors@vsecorp.com\">investors@vsecorp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Aerospace Manufacturing Military Other Transport Trucking Rail Maritime Air Defense Transport Other Defense Other Manufacturing Logistics\/Supply Chain Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230201005269\/en\/785505\/3\/VSE_Logo_NEW.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>VSE Aviation Acquires Precision Fuel Components ALEXANDRIA, Va.&#8211;(BUSINESS WIRE)&#8211; VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced that it has acquired Precision Fuel Components, LLC (\u201cPrecision Fuel\u201d), in an all-cash transaction. This transaction is immediately accretive to VSE\u2019s Aviation segment. Founded in 2001, Washington-based Precision Fuel is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (\u201cB&amp;GA\u201d) market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. Precision Fuel is a member &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vse-aviation-acquires-precision-fuel-components\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VSE Aviation Acquires Precision Fuel Components&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-727599","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VSE Aviation Acquires Precision Fuel Components - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vse-aviation-acquires-precision-fuel-components\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VSE Aviation Acquires Precision Fuel Components - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VSE Aviation Acquires Precision Fuel Components ALEXANDRIA, Va.&#8211;(BUSINESS WIRE)&#8211; VSE Corporation (NASDAQ: VSEC), a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced that it has acquired Precision Fuel Components, LLC (\u201cPrecision Fuel\u201d), in an all-cash transaction. This transaction is immediately accretive to VSE\u2019s Aviation segment. Founded in 2001, Washington-based Precision Fuel is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (\u201cB&amp;GA\u201d) market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. 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