VSE Corporation won the Manufacturing Deal of the Year award at the M&A Atlas Awards. The award was presented at the Harvard Club in New York City. VSE’s award was for the acquisition of Wheeler Brothers Inc. (WBI) located in Somerset, PA. The deal closed on June 6, 2011. Wheeler Brothers is a supply chain management company, specializing in truck parts.
“We picked VSE for the award because it represents a classic win / win for the sellers and buyers. The vertical acquisition allows for WBI, a formerly family-owned business, to continue their growth and VSE acquires a great competency to expand upon its supply chain capabilities,” said Shanta Kumari, CEO of Global M&A Network.
Randy Davies, WBI’s President and COO said,“We set out to find a partner that fits the Wheeler culture and allowed for the legacy of the company to continue for decades to come. We found in VSE a partner that serves similar customers, and more importantly, has the same values, ethics and moral compass. We look forward to growing our business with VSE.”
Maurice “Mo” Gauthier, VSE CEO/President/COO, said,“We were fortunate that WBI came to market at the same time we were looking to enhance our supply chain capabilities. The Wheeler family spent over five decades building a fantastic company. Randy Davies and I see great opportunities for the combined entities.”
The Global M&A Network puts on the M&A Atlas Awards each year in New York City. This year, the Master of Ceremonies was Suzanne O’Halloran, markets reporter for Bloomberg Television.
VSE (vsecorp.com) is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, supply chain management, construction management and consulting. For additional information on VSE services and products, please see the Company's website or contact Randy Hollstein, VSE Vice President of Sales and Marketing, at (703) 329-3206.
Investor Relations: Christine Peters (703) 329-3263