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  • Wednesday, April 24, 2024

VSE Buys Wheeler Bros. for $180 Million

VSE Corporation (NASDAQ: VSEC) has a deal in place to purchase Wheeler Bros., Inc., a supply chain management company headquartered in Somerset, PA. WBI supplies vehicle parts to the U.S. Postal Service (USPS) and the Department of Defense.

The deal is worth $180 million in cash.

“Over the past 50 years, WBI has developed a world class supply chain company with excellent capabilities in sourcing, reverse engineering, warehousing, distributing and tracking vehicle parts, ” CEO Maurice Gauthier said. “The WBI supply chain solution is based upon proven, mature processes and systems. We see significant opportunities for leveraging WBI’s supply chain capabilities with VSE’s 52-year history of supporting the Department of Defense in extending the service lives of legacy ships, vehicles, aircraft and their systems.”

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