An undisclosed buyer acquired Federal and Defense segment assets of VSE Corporation (NasdaqGS:VSEC) on February 29, 2024. The FDS divestitures were completed in two transactions with two buyers for a total cash consideration of $44 million, which included $10 million of estimated net working capital adjustments (subject to post-closing adjustments). Jefferies LLC acted as financial adviosr to VSE Corporation (NasdaqGS:VSEC). Lorne Cantor and Luis Velez of Jones Day acted as legal advisor to VSE Corporation.

An undisclosed buyer completed the acquisition of Federal and Defense segment assets of VSE Corporation (NasdaqGS:VSEC) on February 29, 2024.