VSE (VSEC) said Thursday it has acquired Turbine Weld Industries, a company specializing in maintenance, repair, and overhaul services for engine parts used in business and general aviation, for about $50 million in cash.
The purchase was funded using the company's existing credit facility, VSE said.
VSE shares were up more than 3% in recent trading.
Price: 118.25, Change: +3.83, Percent Change: +3.35
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