In a move likened by executives to adding a new engine mid-flight, aviation services provider VSE Corp. has agreed to acquire Precision Aviation Group Inc. in a transaction valued at up to $2.15 billion, the companies announced Thursday. The VSE $2B Precision Aviation Deal positions the Florida-based buyer to significantly expand its footprint in the global aviation aftermarket, blending scale, technical depth and a broader customer reach. Cash, Equity and Earnouts Fuel the TransactionMiramar, Florida-based VSE said it will purchase Atlanta-based Precision Aviation Group, known as PAG, from private equity owner GenNx360 Capital Partners for $1.75 billion in cash and roughly $275 million in equity. VSE said the cash portion of the deal will be financed through a fully committed bridge facility. Jones Day is advising VSE on the deal, while Winston & Strawn LLP is representing GenNx360 Capital Partners.