VSE Corporation partners with The Loar Group to acquire Desser Aerospace

Clients VSE Corporation

Jones Day is advising VSE Corporation (NASDAQ: VSEC) ("VSE") in its acquisition (the "Acquisition") of Desser Aerospace ("Desser") for a purchase price of $124 million, subject to certain customary adjustments. Desser is an aftermarket solutions provider offering proprietary solutions, specialty distribution, and maintenance, repair and operations services to a customer base spanning all segments of the aviation industry, including commercial aviation, business and general aviation, and military aftermarket segments.

Immediately following the Acquisition, VSE will sell four of Desser's subsidiaries (the "Spin-Off"), which collectively constitute Desser’s proprietary solutions business, to Loar Group, Inc., an acquisition platform in the aerospace and defense markets, for a purchase price of $30 million, also subject to certain customary adjustments. The Acquisition and Spin-Off are expected to close in the second or third quarter of 2023 and are subject to customary closing conditions and UK regulatory approvals.