M&A Deal Summary

VSE Acquires Kellstrom Aerospace

On October 15, 2024, VSE acquired aerospace company Kellstrom Aerospace from AE Industrial Partners for 200M USD

Acquisition Highlights
  • This is VSE’s 8th transaction in the Aerospace sector.
  • This is VSE’s largest (disclosed) transaction.
  • This is VSE’s 16th transaction in the United States.
  • This is VSE’s 3rd transaction in Florida.

M&A Deal Summary
Date 2024-10-15
Target Kellstrom Aerospace
Sector Aerospace
Buyer(s) VSE
Sellers(s) AE Industrial Partners
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) Perella Weinberg Partners (Financial)
Kirkland & Ellis (Legal)

Target

Kellstrom Aerospace

Davie, Florida, United States
Kellstrom Aerospace's corporate headquarters in Davie, Florida.
Kellstrom Aerospace's corporate headquarters in Davie, Florida.
Kellstrom Aerospace is an aerospace aftermarket business focused on providing new parts, surplus material and other technical services to airlines, MROs and lessors. Kellstrom Aerospace provides its customers with instant access to one of the world’s largest and most comprehensive inventories of new and pre-owned aircraft parts and offers world-class supply chain solutions, including new OEM parts distribution, consignment management, pre-owned parts distribution, repair management, overhauled rotable components, parts exchange, whole engine assets and fleet provisioning programs. Kellstrom Aerospace was founded in 2002 and is based in Davie, Florida.

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Buyer(S) 1

Buyer

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 16 of 16
Sector (Aerospace) 8 of 8
Type (Add-on Acquisition) 12 of 12
State (Florida) 3 of 3
Country (United States) 16 of 16
Year (2024) 2 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-24 Turbine Controls

Bloomfield, Connecticut, United States

Turbine Controls provides aftermarket support services for the repair and overhaul of engine components and engine and airframe accessories. Turbine Controls is based in Bloomfield, Connecticut.

Buy $120M

Seller(S) 1

SELLER

AE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.2B USD
Size Mega
Type Sector Focused
DESCRIPTION
AE Industrial Partners' headquarters in Boca Raton, Florida.
AE Industrial Partners' headquarters in Boca Raton, Florida.

AE Industrial Partners is a private equity firm focused on acquiring and investing in aerospace and industrial companies. The Firm specifically looks for established, profitable companies in the aircraft propulsion (turbojet, turbofan and turboprop aircraft engines) and power generation (industrial turbines) industries, as well as the manufacture of OEM and replacement parts, and aftermarket maintenance, repair and overhaul. AE Industrial Partners was formed in 1998 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 19 of 19
Sector (Aerospace) 6 of 6
Type (Add-on Acquisition) 11 of 11
State (Florida) 3 of 3
Country (United States) 19 of 19
Year (2024) 4 of 4
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Altus

New York, New York, United States

Altus is a full-service fire and life safety services platform. Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of state-of-the-art fire and life safety systems, to training, consulting, crisis management, and business continuity services. Altus is headquartered in New York City.

Sell -
Mergr

Product

Company

Legal