M&A Deal Summary

VSE Acquires Turbine Controls

On April 24, 2024, VSE acquired business services company Turbine Controls for 120M USD

Acquisition Highlights
  • This is VSE’s 2nd transaction in the Business Services sector.
  • This is VSE’s 3rd largest (disclosed) transaction.
  • This is VSE’s 15th transaction in the United States.
  • This is VSE’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2024-04-24
Target Turbine Controls
Sector Business Services
Buyer(s) VSE
Deal Type Add-on Acquisition
Deal Value 120M USD
Advisor(s) RBC Capital Markets (Financial)
GreenbergTraurig (Legal)

Target

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.

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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 15 of 16
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 11 of 12
State (Connecticut) 1 of 1
Country (United States) 15 of 16
Year (2024) 1 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-15 Energetics

Columbia, Maryland, United States

Energetics provides a full spectrum of clean energy consulting services to public and private sector clients. Energetics works with lead investors, innovators, and stakeholders to inform and expedite the development and market success of novel energy technologies, strategies and practices that deliver a sustainable future. Energetics was founded in 1979 and is based in Columbia, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 Kellstrom Aerospace

Davie, Florida, United States

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.

Buy $200M
Mergr

Product

Company

Legal