The Capital Markets team advised the joint lead book-running managers and underwriting syndicate in the completion of VSE Corporation’s (Nasdaq: VSEC) underwritten public offering of 2,705,882 shares of its common stock (inclusive of the full exercise of the underwriters’ option to purchase 352,941 additional shares) at a public offering price of $170.00 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, were approximately $460 million.
VSE is a leading provider of aviation distribution and repair services for the commercial and business and general aviation (“BG&A”) aftermarkets. Headquartered in Miramar, Florida, VSE is focused on significantly enhancing the productivity and longevity of its customers’ high-value, business-critical assets. VSE’s aftermarket parts distribution and maintenance, repair, and overhaul services support engine component and engine and airframe accessory part distribution and repair services for commercial and BG&A operators.
The Goodwin team was led by Ben Marsh, Maggie Wong, Jesse Fishman, Madison Clausius and Caleb Paasche.
For additional details on the offering, please read the press release.