VSE To Buy Killick MRO Firms

VSE Corporation has signed an agreement to acquire four Killick Aerospace subsidiaries for $184m.

VSE Corporation has signed an agreement to acquire four Killick Aerospace subsidiaries for $184m.

These include US-based Prime Turbines, an independent MRO provider for Pratt & Whitney Canada and GE Aviation turboprop engines, and Kansas Aviation, which overhauls and repairs engine accessories for turboprop, turbofan and gas turbine engines.

The deal also covers engine part suppliers CT Aerospace and Air Parts & Supply.

The agreement includes additional payments of up to $40m to Killick if Air Parts & Supply, CT Aerospace and Kansas Aviation surpass certain earning thresholds during the first two years. 

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