VSE Launches Public Offering to Fund Recent Acquisition and Future Growth
VSE Corporation (NASDAQ: VSEC) has launched an underwritten public offering of its common stock shares. The proceeds will fund its recent acquisition of Aero 3, Inc. and potential future strategic acquisitions, with any remaining funds allocated for general corporate purposes.
VSE's recent acquisition, Aero 3, Inc., generated approximately $120M in revenue over the past twelve months, ending August 2025. Notably, the company achieved adjusted EBITDA margins exceeding 20% during this period. The acquisition was finalised in 2025 for approximately $350M in cash. VSE has secured a definitive agreement to acquire GenNx/AeroRepair IntermediateCo, the parent company of Aero 3, for the same total cash consideration.
The public offering aims to raise funds to cover all or part of the cash consideration for this acquisition. VSE has also granted underwriters a 30-day option to purchase up to an additional 15% of the shares offered in the public offering.
VSE's public offering is a strategic move to finance its recent and potential future acquisitions. The strong financial performance of its recent acquisition, Aero 3, demonstrates the company's sound investment decisions. The offering provides VSE with the necessary funds to continue its growth trajectory.
