VSE Corp. (VSEC) Closes Acquisition of Wheeler Bros
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VSE Corporation (Nasdaq: VSEC) has closed on Wheeler Bros., Inc.
Financial terms of the deal were not disclosed.
Wheeler Bros ecorded revenues of approximately $158 million and pretax income of approximately $31 million in FY10.
In connection with its acquisition of WBI, VSE entered into a five-year $250 million senior credit facility with a bank group that includes a $125 million revolving credit facility and a $125 million term loan.
Financial terms of the deal were not disclosed.
Wheeler Bros ecorded revenues of approximately $158 million and pretax income of approximately $31 million in FY10.
In connection with its acquisition of WBI, VSE entered into a five-year $250 million senior credit facility with a bank group that includes a $125 million revolving credit facility and a $125 million term loan.
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