VSE Corporation is a diversified company specializing in aftermarket distribution and maintenance, repair, and overhaul (MRO) services for air and land transportation assets. The company caters to both commercial and government markets, focusing on sustaining and extending the life of its clients' transportation assets through parts supply and distribution, MRO services, and supply chain management. VSE Corporation has transitioned into a focused aviation aftermarket company, leveraging its expertise to serve a global client base.
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Aviation Segment - Provides aftermarket MRO and distribution services for commercial, business, general aviation, cargo, military, defense, and rotorcraft customers globally. Offers parts distribution, MRO services, and supply chain services.
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Fleet Segment - Specialized in parts distribution, engineering solutions, and mission-critical supply chain management services for the medium and heavy-duty fleet market, including support for the United States Postal Service (USPS) and commercial truck fleets.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
John A. Cuomo ExecutiveBoard | Chief Executive Officer, President, and Director | Board of Directors for FDH Aero | John A. Cuomo is the Chief Executive Officer, President, and Director of VSE Corporation since April 2019. He brings over 25 years of aerospace, distribution, and services market experience, having previously held leadership roles at Boeing Distribution Services Inc., KLX Aerospace Solutions, and B/E Aerospace. | View Report → |
Adam R. Cohn Executive | Chief Financial Officer (CFO) | CFO at VSEC since September 3, 2024 with over 15 years in aerospace and finance experience. Previously served as CFO at Valence Surface Technologies and held senior roles at Triumph Group and Lazard. | ||
Benjamin A. Thomas Executive | Chief Operating Officer (COO) | Benjamin A. Thomas is the Chief Operating Officer at VSE Corporation since February 26, 2025, having previously served as President of the Aviation segment from October 2020 until his promotion. He oversees enterprise-wide operations including the Aviation segment’s profit and loss and holds no board or committee memberships. | ||
Farinaz S. Tehrani Executive | Chief Legal Officer and Corporate Secretary | Farinaz S. Tehrani has served as Chief Legal Officer and Corporate Secretary at VSE Corporation since August 2021. With over two decades of experience in legal, compliance, and regulatory roles, she previously worked at Hogan Lovells LLP and held other senior legal positions. | ||
Tarang Sharma Executive | Chief Accounting Officer | Tarang Sharma is currently the Chief Accounting Officer at VSEC, having assumed the role on May 21, 2024. He also served as Interim Chief Financial Officer from May 27, 2024 to September 3, 2024. | ||
Anita D. Britt Board | Director | urban-gro, Inc.; Smith & Wesson Brands, Inc. | Anita D. Britt has served as a Director at VSEC since 2022 where she acts as an independent director, Chair of the Audit Committee, and a member of the Compensation and Human Resources Committee. Previously, she was CFO at Perry Ellis International from 2009 to 2017 and held senior financial leadership roles at Jones Apparel Group and Urban Brands. | |
Bonnie K. Wachtel Board | Director | Principal and Director of Wachtel & Co., Inc. | Bonnie K. Wachtel has been a Director at VSE Corporation since 1991 and serves as an independent director on the Audit Committee and Nominating and Corporate Governance Committee. She is also the Principal and Director of Wachtel & Co., Inc. since September 1984, and has served on boards of Nasdaq-listed companies. | |
Edward P. Dolanski Board | Director | Valence Surface Technologies; Lynx Software Technologies; Chairman of MD Helicopters; Catalyze Partners Board of Advisors; Business Executives for National Security; Texas Blockchain Council Advisory Board; Texas Diversity Council | Edward P. Dolanski has been a Director at VSEC since 2022 and serves on the Audit Committee and the Compensation & Human Resources Committee. He has extensive leadership experience from previous roles at Boeing, Raytheon, and Walmart. | |
John E. Potter Board | Director | President and Chief Executive Officer of the Metropolitan Washington Airports Authority | John E. Potter has been a Director at VSEC since 2014, where he is an independent director serving as Chair of the Compensation and Human Resources Committee and as a member of the Nominating and Corporate Governance Committee. He is also President and Chief Executive Officer of the Metropolitan Washington Airports Authority since July 2011 and previously served as the United States Postmaster General from 2001 to 2010. | |
Lloyd E. Johnson Board | Director | Haemonetics Corporation; Apogee Enterprises; Beazer Homes USA | Lloyd E. Johnson has been a board director at VSE Corporation since 2022 and serves on the Compensation & Human Resources and Nominating & Corporate Governance Committees, bringing extensive experience from previous senior financial leadership roles at Accenture and Delphi Automotive. | |
Mark E. Ferguson III Board | Director | CEO of MK3 Global LLC; Chair of the People and Compensation Committee at Pacific Gas and Electric Corporation | Mark E. Ferguson III has extensive experience in defense and corporate governance, currently serving as a Director at VSEC since 2017. He has also held active roles outside VSEC, including serving as CEO of MK3 Global LLC and holding board membership at Pacific Gas and Electric Corporation. | |
Ralph E. Eberhart Board | Non-Executive Chairman of the Board | Amentum Holdings, Inc.; American Air Museum in Britain; Segs4Vets; Palmer Land Conservancy; Air Force Academy Endowment | Ralph E. Eberhart is a retired U.S. Air Force General with extensive leadership experience across military, non-profit, and corporate governance roles. He has served as Non-Executive Chairman at VSEC since 2007 and maintains several active board memberships. |
- Given the accelerated synergy capture and record margins in Q2 driven by rapid integration of acquisitions, how will you ensure that these margin improvements are sustainable into traditionally lower margin periods later in the year?
- With the ongoing transition of the USM business from transactional parts trading to a more integrated used-and-repair model, what specific performance metrics will you use to evaluate its success and impact on overall profitability?
- Despite the strong Q2 free cash flow generation and improved working capital profile, how do you plan to efficiently deploy excess liquidity, especially in light of an active M&A pipeline and the goal to reduce net leverage below 2x by year-end?
- You highlighted more robust performance in engine-related MRO and distribution businesses, yet there are competitive pressures; can you provide more details on your strategy to further expand penetration in the commercial engine distribution segment while mitigating potential risks?
- With ongoing supply chain issues affecting the execution of the Honeywell fuel control program, what tactical steps are being taken to resolve these challenges, and can you share a clear timeline for achieving consistent margin contributions from this initiative?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Turbine Weld Industries, LLC | 2025 | Acquired for approximately $50 million in cash (net of adjustments) on May 1, 2025, the deal was funded through VSE's revolving credit facility and expanded VSE’s MRO capabilities with expertise in high-value engine component repairs for BG&A platforms. |
Turbine Controls, Inc. (TCI) | 2024 | Completed with a total consideration of about $122.2 million (combining roughly $113.7 million in cash and $10 million in stock), the acquisition enhanced VSE’s OEM-authorized repair capabilities and bolstered its commercial aviation MRO portfolio. |
Kellstrom Aerospace Group, Inc. | 2024 | Planned for a closing in Q4 2024 with an estimated value of approximately $200 million (primarily $185 million in cash plus an equity component), the acquisition is intended to expand VSE’s presence in the commercial aerospace engine aftermarket and drive international growth and operational synergies. |
Desser Holding Company LLC (Desser Aerospace) | 2023 | Completed for a net purchase price of $94 million (after disposing of part of the business for $30 million), the deal increased VSE’s exposure to aerospace tire distribution and wheel-and-brake MRO services, supporting geographic expansion and enhanced service capabilities. |
Precision Fuel Components, LLC | 2023 | Acquired for approximately $11.7 million in cash on February 1, 2023, this deal strengthened VSE’s MRO offerings in the business and general aviation segment by adding technical capabilities, with purchase price allocation including tangible assets, goodwill, and contract intangibles. |
Global Parts Group, Inc. | 2021 | Completed for about $38 million in cash (subject to adjustments and potential earn-out payments up to $2 million), the acquisition broadened VSE’s parts and MRO capabilities in the B&GA market, significantly expanding its customer base and revenue synergies. |
HAECO Special Services, LLC | 2021 | Acquired for $14.8 million (subject to post-closing adjustments) on March 1, 2021, this acquisition added integrated MRO support for military aircraft, including scheduled depot maintenance for the USAF KC-10 fleet, thereby enhancing VSE’s Federal and Defense segment. |
No recent press releases or 8-K filings found for VSEC.