VSE Completes Sale of Fleet Unit to One Equity Partners for up to $230 Million

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

VSE Completes Sale of Fleet Unit to One Equity Partners for up to $230 Million

, MT Newswires - 9:43 AM ET 4/1/2025 mergers-and-acquisitions

09:43 AM EDT, 04/01/2025 (MT Newswires) -- VSE (VSEC) said Tuesday it has completed the sale of its Wheeler Fleet Solutions unit to One Equity Partners for a total consideration of up to $230 million.

The company said the payment consisted of $140 million in cash at closing, a $25 million seller note, and an additional contingent earnout consideration of up to $65 million.

VSE said it plans to use the cash proceeds to repay borrowings under its revolving loan facility.

Price: 119.85, Change: -0.14, Percent Change: -0.12

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.