Venice aviation repair company acquired for $50M

Aviation distribution and repair services company VSE Corporation of Miramar has acquired Turbine Weld Industries, a Venice-based aviation repair company, for approximately $50 million. VSE paid cash using the company’s existing credit facility, according to a statement.

Turbine Weld, which repairs and overhauls aviation equipment like engine-associated parts on Substation Road off US 41, employs 60 staff.

“We’re excited to join forces with VSE Aviation," Turbine Weld Industries President Dave Bush says in a statement. “Their 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.”