MIAMI – VSE Corporation (NASDAQ: VSEC), a leading provider of aviation aftermarket services, announced Monday it has signed a definitive agreement to acquire Aero 3, a global maintenance, repair and overhaul (MRO) provider for aircraft wheels and brakes, for $350 million in cash.
The acquisition of Aero 3, a portfolio company of GenNx360 Capital Partners, significantly expands VSE’s global footprint in the wheel and brake aftermarket. The deal, expected to close in the fourth quarter of 2025, is subject to regulatory approvals and customary closing conditions.
“This acquisition aligns perfectly with our OEM-centric strategy and builds upon the success of our Desser Aerospace acquisition,” said John Cuomo, President and CEO of VSE Corporation. “Aero 3 broadens our MRO, distribution, and proprietary product offerings while extending our global footprint.”
With the addition of Aero 3’s nine facilities, VSE will operate 12 wheel and brake repair sites across the U.S., Canada, and the U.K. The combined company will serve commercial, regional, and business aviation customers.
“Aero 3 has earned a global reputation for technical expertise, reliability, and trusted partnerships,” said Daniel Bell, Chief Executive Officer of Aero 3, who will remain with the business. “Our focus on delivering fully integrated repair solutions aligns seamlessly with VSE’s culture of operational excellence.”
Headquartered in Manchester, New Hampshire, Aero 3 employs approximately 280 people and supports over 750 global customers. The company generated about $120 million in revenue over the trailing twelve months ended August 2025, with adjusted EBITDA margins exceeding 20%, according to VSE.
VSE stated the acquisition will be funded by proceeds from an equity financing and/or borrowings under its existing credit facility.
About VSE Corporation: VSE is a diversified aftermarket products and services company providing distribution, repair, and logistics services for the air, land and sea markets.
VSE Corporation Reports Record Q3 Revenue, Raises 2025 Guidance
VSE Corporation (NASDAQ: VSEC), a leading aviation aftermarket services provider, posted record third-quarter 2025 revenue of $282.9 million, up 38.9% year-over-year. Adjusted EBITDA surged 58.4% to $47.4 million, while adjusted net income more than doubled to $20.5 million. Despite strong operational performance, GAAP net income fell 58.9% to $3.6 million.
CEO John Cuomo credited strategic execution, OEM partnerships, and MRO expansion for the results. CFO Adam Cohn highlighted improved cash flow and a reduced net leverage ratio of 2.0x. VSE raised full-year revenue growth guidance to 38–40% and aviation segment EBITDA margin to 17.0–17.25%.
Key program wins included new distribution deals with Bridgestone Aircraft Tire and Eaton, and expanded defense MRO support for the U.S. Navy’s TH-73 fleet.