VSE Corporation Announces Mutual Agreement to Terminate the Sale of the VSE Federal and Defense Segment to Bernhard Capital Partners
Retrieved on:
Wednesday, September 27, 2023
Other Defense, Contracts, Automotive Manufacturing, Aerospace, Manufacturing, Government Technology, Defense, Trucking, Rail, Maritime, Fleet Management, Air, Transport, Automotive, Logistics, Supply Chain Management, Engineering, Maintenance, Atmosphere, Aviation, VSE Corporation, Federal, BCP, Sale, Federal Civil Defense Authority, VSE, VSEC, MRO, Airline
The parties mutually agreed to terminate the agreement.
Key Points:
- The parties mutually agreed to terminate the agreement.
- No party will be required to pay any termination fee as a result of the mutual decision to terminate the agreement, and the parties will each bear their respective costs and expenses.
- The VSE Federal and Defense segment will remain in discontinued operations as the assets are held for sale.
- We look forward to sharing new business updates and our third quarter results in the coming weeks," Mr. Cuomo concluded.