VSE Corporation (NasdaqGS:VSEC) entered into a Definitive Agreement to Acquire Turbine Controls, Inc. for approximately $120 million on February 29, 2024. The consideration consists of $110 million in cash and $10 million in common equity. The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions.

RBC Capital Markets, LLC acted as financial advisor to Turbine Controls, Inc. Lorne Cantor and Evan Kanter of Jones Day acted as legal counsel to VSE Corporation (NasdaqGS:VSEC).