VSE closes $189 mln purchase of Killick Capital-owned aviation companies

VSE Corp (NASDAQ: VSEC) has closed on its previously announced buy of four aviation support businesses from Killick Aerospace Group, a portfolio company of Canadian private equity firms Killick Capital and Alaris Royalty Corp. The final purchase price was US$189 million in cash. VSE will also pay post-closing amounts of up to US$45 million, subject to performance milestones, plus working capital. The acquired companies, Prime Turbines, CT Aerospace, Kansas Aviation and Air Parts & Supply, were bought by the U.S.-based Killick Aerospace after its founding in 2006. Earlier this month, peHUB Canada profiled the deal and the anticipated returns to Killick Capital and Alaris.

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