VSE Corporation a provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, has acquired Precision Fuel Components, in an all-cash transaction. The company says the transaction is immediately accretive to their Aviation segment.
Founded in 2001, Washington-based Precision Fuel is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. Precision Fuel is a member of the Honeywell Authorized Warranty and Repair Station (AWARS) network.
VSE says the acquisition expands their specialty distribution and MRO capabilities in B&GA and rotorcraft market. By combining VSE Aviation’s existing part distribution and MRO services with Precision Fuel’s engine accessory and fuel system MRO services, VSE Aviation customers will have access to differentiating, full-service, on-demand repair and distribution solutions.
The move also accelerates VSE’s customer acquisition within B&GA market, building upon recent organic wins. This transaction provides VSE Aviation access to new rotorcraft and fixed wing operator customers and expands VSE’s MRO capabilities within new engine platforms. This acquisition will allow for significant cross-selling opportunities, positioning VSE Aviation to expand its market share within niche, B&GA market adjacencies.
“We are pleased to welcome the Precision Fuel team to the VSE Aviation family,” said John Cuomo, president and CEO of VSE Corporation. “This transaction represents an important strategic investment for our Aviation segment, one that expands our repair capabilities across a diverse base of global rotorcraft, fixed wing, and B&GA customers. Precision Fuel’s value-added, high-margin MRO solutions will complement our existing service capabilities, while positioning us to further enhance our unique value proposition.”