VSE Corporation, a renowned provider of aftermarket distribution and maintenance, repair, and overhaul (MRO) services for transportation assets in air, land, and sea domains, has successfully completed its acquisition of Desser Holding Company LLC (known as Desser Aerospace), a global provider of specialty distribution and MRO solutions. Simultaneously, VSE Corporation sold Desser Aerospace’s Proprietary Solutions businesses to the Loar Group Inc., a diversified aerospace and defense manufacturer and supplier.
The acquisition of Desser Aerospace by VSE Corporation was completed for a cash consideration of $124 million, subject to customary working capital adjustments. Concurrently, the company divested Desser Aerospace’s Proprietary Solutions businesses, which encompass Seginus Aerospace, AOG Aviation Spares, and DAC Engineered Products, to the Loar Group for a cash consideration of $30 million. The net cash outlay for the assets acquired by VSE Corporation amounted to $94 million.