VSE Corp to buy Precision Aviation Group in $2.03 billion deal
Jan 29 (Reuters) - VSE Corp VSEC.O, which provides aviation aftermarket parts and repair services, said on Thursday that it would buy Precision Aviation Group (PAG), a portfolio company of GenNx360 Capital Partners, for $2.03 billion in cash and equity.
Under the terms of the deal, VSE will pay $1.75 billion in cash and about $275 million in equity consideration for GenNx.
The deal includes up to $125 million in additional contingent earnout consideration, payable in cash or equity at VSE's sole discretion, based on PAG's 2026 adjusted EBITDA performance.
Based in Atlanta, Georgia, PAG is an aviation maintenance and repair company that operates in 29 locations worldwide, employing more than 1,000 people. It expects to generate adjusted revenue of about $615 million for the fiscal year ended December 31, 2025.
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