VSE Corporation, a provider of aftermarket distribution and repair services, has signed a definitive agreement to sell its fleet business segment, Wheeler Fleet Solutions, to One Equity Partners (OEP) for up to US$230 million.
Wheeler Fleet Solutions is a parts distributor and engineering solutions provider serving the medium and heavy-duty fleet market. It offers customers world-class service, parts expertise, proprietary IT solutions and a comprehensive range of replacement parts.
“The sale of our fleet business is the final step in our strategic portfolio transformation, further simplifying and focusing our company while strengthening our global leadership in aviation aftermarket parts and services,” said John Cuomo, President and CEO of VSE Corporation. “We entered 2025 laser-focused on our customers, supplier partners, growth, business integration, and execution. This divestiture reaffirms our commitment to simplifying our business and go-to-market strategy, solidifying our position as a leading provider of aviation aftermarket distribution and repair services.”
VSE will receive up to US$230 million for the sale, comprising a US$140 million cash payment at closing, a US$25 million seller note, and up to US$65 million in additional contingent earnout consideration. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.
