VSE Corporation, a provider of aftermarket distribution and repair services, announced that the company has completed the sale of its fleet business segment, Wheeler Fleet Solutions, to One Equity Partners for up to $230 million in total consideration.
“The sale of our Fleet business marks the completion of VSE’s strategic transformation into a pure-play aviation aftermarket parts and services provider,” said John Cuomo, president and CEO of VSE Corporation. “With our full focus now on the aviation aftermarket, we are well-positioned to capitalize on significant growth opportunities and drive long-term value for our customers, employees, and shareholders. I want to thank the Wheeler Fleet Solutions team for their dedication and contributions over the years. We wish them continued success as part of OEP.”