VSE Agrees to Acquire Precision Aviation in $2 Billion Deal (1)

VSE Corp., a provider of aftermarket parts and services to the aviation industry, agreed to buy closely held Precision Aviation Group for about $2.025 billion in a cash-and-stock deal.

VSE’s offer includes an upfront consideration consisting of $1.75 billion in cash and about $275 million of stock issued to Precision Aviation’s private equity owner GenNx360 Capital Partners, according to a statement on Thursday that confirmed an earlier Bloomberg News report.

Shares in Miramar, Florida-based VSE rose as much as 4% in premarket trading on Thursday. The stock has doubled in New York trading over the past 12 ...