VSE acquires Kellstrom Aerospace Group and completes $172.5 million public offering of Common Stock

Client(s) VSE Corporation

Jones Day is advising VSE Corporation, a leading provider of aftermarket distribution and repair services, in the $200 million acquisition of Kellstrom Aerospace Group, Inc., a portfolio company of AE Industrial Partners, LP and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket.

In connection with the pending acquisition, Jones Day advised VSE Corporation on its $172.5 million underwritten public offering of 1,724,137 shares of VSE’s Common Stock at a price of $87.00 per share (before underwriting discounts and commissions). VSE also granted the underwriters a 30-day option to purchase up to an additional 258,620 shares of its Common Stock in the public offering on the same terms and conditions, which option was exercised by the underwriters in full.