M&A Deal Summary

Bernhard Capital Partners Acquires VSE - Federal & Defense Business

On May 1, 2023, private equity firm Bernhard Capital Partners acquired defense company VSE - Federal & Defense Business from VSE for 100M USD

Acquisition Highlights
  • This is Bernhard Capital Partners’ 1st transaction in the Defense sector.
  • This is Bernhard Capital Partners’ largest (disclosed) transaction.
  • This is Bernhard Capital Partners’ 10th transaction in the United States.
  • This is Bernhard Capital Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2023-05-01
Target VSE - Federal & Defense Business
Sector Defense
Buyer(s) Bernhard Capital Partners
Sellers(s) VSE
Deal Type Divestiture
Deal Value 100M USD

Target

VSE - Federal & Defense Business

Alexandria, Virginia, United States
VSE's Federal & Defense Business provides services to the U.S. Government, particularly to the Department of Defense, United States Intelligence Community, and the Department of State. VSE's Federal & Defense Business is based in Alexandria, Virginia.

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Buyer(S) 1

DESCRIPTION

Bernhard Capital Partners is a private equity firm focused on acquiring and investing in middle-market services companies. Bernhard Capital Partners was formed in 2013 and is headquartered in Baton Rouge, Louisiana.


DEAL STATS #
Overall 10 of 14
Sector (Defense) 1 of 1
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 10 of 14
Year (2023) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Grace Hebert Curtis

Baton Rouge, Louisiana, United States

Grace Hebert Curtis is an architecture firm with locations in Baton Rouge, Dallas, New Orleans, and Lake Charles. The company provides in-depth insight and a broad range of innovative design and development solutions for a wide range of end markets, including education, commercial office, industrial, and healthcare. Grace Hebert Curtis is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Duotech Services

Franklin, North Carolina, United States

Duotech Services is an aerospace and defense company provider of repair and sustainment services for radar and military aircraft related systems as well as proprietary radar products, with unique expertise supporting and extending the useful life of legacy systems. Duotech Services was founded in 1982 and is based in Franklin, North Carolina.

Buy -

Seller(S) 1

SELLER

VSE

Alexandria, Virginia, United States

Category Company
Founded 1959
Sector Business Services
Employees1,200
Revenue 860M USD (2023)
DESCRIPTION

VSE is a diversified professional services company providing engineering, systems integration, technology and management solutions to customers in the defense, homeland security, law enforcement, energy, and environmental industries. VSE was founded in 1959 and is based in Alexandria, Virginia.


DEAL STATS #
Overall 1 of 2
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Precision Fuel Components

Everett, Washington, United States

Precision Fuel Components is a provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (“B&GA”) 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 Components was founded in 2001 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-03 Desser Aerospace

Montebello, California, United States

Desser Aerospace is a supplier of aircraft tires and tubes. Desser Aerospace was founded in 1920 and is based in Montebello, California.

Buy -