In a move likened by executives to adding a new engine mid-flight, aviation services provider VSE Corp. has agreed to acquire Precision Aviation Group Inc. in a transaction valued at up to $2.15 billion, the companies announced Thursday.
The VSE $2B Precision Aviation Deal positions the Florida-based buyer to significantly expand its footprint in the global aviation aftermarket, blending scale, technical depth and a broader customer reach.
Cash, Equity and Earnouts Fuel the Transaction
Miramar, Florida-based VSE said it will purchase Atlanta-based Precision Aviation Group, known as PAG, from private equity owner GenNx360 Capital Partners for $1.75 billion in cash and roughly $275 million in equity.
The agreement also includes as much as $125 million in additional earnout payments tied to PAG’s performance in 2026, pushing the total deal value to $2.15 billion.
VSE said the cash portion of the deal will be financed through a fully committed bridge facility.
Closing Targeted for 2026
The companies expect the transaction to close in the second quarter of 2026, subject to regulatory approvals and customary closing conditions.
Jones Day is advising VSE on the deal, while Winston & Strawn LLP is representing GenNx360 Capital Partners.
