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VSE Corporation, a provider of aviation aftermarket distribution and repair services, has acquired Turbine Weld Industries, a specialised MRO service provider focused on complex engine components for business and general aviation platforms.
Founded in 1986, Turbine Weld is a premier provider of high-value engine component repairs, specialising in hot section components for Pratt & Whitney Canada engines, including the PW100, PT6 and JT15D series with approximately 25,000 engines in service. Operating from its MRO centre of excellence in Venice, Florida with a team of approximately 60, Turbine Weld has repaired more than 80,000 components and is recognised for its exceptional service and technical excellence.
Turbine Weld enhances VSE's position in the B&GA engine aftermarket by delivering specialised MRO services across high-demand platforms. Through collaboration with OEMs, Turbine Weld has developed numerous proprietary repair specifications and serves as the sole-source provider for many flight-critical repairs on two of the most widely used engine platforms in the B&GA market.
The acquisition strengthens VSE's collaboration with OEM partners by broadening technical service capabilities and expanding the repair portfolio. VSE plans to invest in Turbine Weld's operational capacity to address increasing demand and accelerate growth opportunities.
“This acquisition marks another important step in the strategic expansion of our aviation services business,” says John Cuomo, president and CEO of VSE Corporation. “Turbine Weld brings industry-leading expertise in complex engine component repair, further positioning VSE as a comprehensive solutions provider to our OEM and aftermarket partners. We are thrilled to welcome the Turbine Weld team and look forward to growing together.”
“Turbine Weld's proven track record, technical depth, and dedication to quality make them an outstanding addition to VSE Aviation,” adds Ben Thomas, chief operating officer of VSE Corporation. “Expansion of Turbine Weld's highly technical repair capabilities is critical to supporting the tens of thousands of PT6 and PW100 operators in the global fleet. This partnership allows us to significantly increase Turbine Weld's capacity, broaden our capabilities and deliver even greater value to our customers.”
“We're excited to join forces with VSE Aviation,” notes Dave Bush, president of Turbine Weld Industries. “Its reputation, customer focus, strong culture and commitment to technical excellence make this a natural fit for our employees and strengthens our overall service level to our customers.”
VSE acquired Turbine Weld for approximately $50 million in cash, subject to working capital adjustments. The cash purchase price was funded using the company's existing credit facility.