Exit Mode
CompletedOther29 January 2026

VSE to acquire PAG HoldCo

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
VSE
Target
PAG HoldCo
Deal value
USD 2,025,000,000
Announced
29 January 2026
Status
Completed
Sector
Other
Country
United States
Consideration
cash, shares, earn-out

Sources

SEC_EDGAR_8K
What we know

VSE has agreed to acquire PAG HoldCo in a strategic acquisition valued at USD 2.025 billion. The transaction consideration comprises cash, shares, and an earn-out component. Both entities are based in the United States, although the specific sector classification for the target remains broadly defined as Other. The deal was announced on 29 January 2026 and subsequently completed on 5 May 2026.

This transaction represents a significant consolidation within the US market, bringing the target under the ownership of the acquirer. The structure allows for deferred value through the earn-out element alongside immediate equity and cash exchange. Regulatory approvals were secured to facilitate the finalisation of the purchase. The transaction is now complete.

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Deal timeline

1 update
  1. CompletedClosed

    VSE completes acquisition of PAG HoldCo

    Introductory Note As previously disclosed, on January 29, 2026, VSE Corporation, a Delaware corporation (“VSE” or the “Company”), entered into a stock purchase agreement (the “Stock Purchase Agreement”), as amended by the First Amendment to Stock Purchase Agreement, dated as of May 4, 2026 (such amendment, the “First Amendment” and such agreement, as amended, the “Purchase Agreement”), with VSE Ma

    Source

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Buyer history

VSE

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Methodology

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