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VSE Corp. Closes On Acquisition of Wheeler Bros. Inc.

Cal Biesecker By
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VSE Corp. [VSEC] June 6 said it closed on the acquisition of Wheeler Bros. Inc. (WBI), a privately held supply chain management company headquartered in Somerset, Pa. WBI supplies vehicle parts to the the Defense Department and the U.S. Postal Service (USPS).  The purchase price is approximately $180 million in cash, subject to adjustment based on closing net working capital, with the potential additional payments of up to $40 million, if certain financial targets are met during the first four years after…

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