VSE Corp. to sell Fleet business segment to One Equity Partners for $230M

VSE Corp. (VSEC) announced that the company has entered into a definitive agreement to sell its Fleet business segment, Wheeler Fleet Solutions, to One Equity Partners for up to $230M in total consideration. VSE has entered into a definitive agreement to sell its Fleet Segment to OEP for a total consideration of up to $230M, comprising a $140M cash payment at closing, a $25M seller note and up to $65M in additional contingent earnout consideration. The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions.