04:52 PM EDT, 10/15/2024 (MT Newswires) -- VSE (VSEC) said Tuesday it has agreed to buy Kellstrom Aerospace, a portfolio company of AE Industrial Partners, for about $200 million, comprising around $185 million cash and $15 million in VSE shares.

The deal is expected to close in Q4.

VSE also said it expects Q3 preliminary revenue between about $268 million and about $275 million.

Analysts polled by Capital IQ expect $265.9 million.

Separately, VSE said Tuesday it has started an underwritten public offering of shares, subject to market conditions. Underwriters can buy up to an additional 15% shares as overallotment option.

Proceeds will be used to finance part of the cash consideration for the Kellstrom Aerospace acquisition, VSE said.

Price: 91.03, Change: +1.03, Percent Change: +1.14