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Broward aviation firm sells to public company for $122M

Brian Bandell
Broward aviation firm sells to public company for $122M

Miramar-based 1st Choice Aerospace has been sold to VSE Aviation, a subsidiary of VSE Corp. in one of the biggest recent aerospace deals in South Florida. Based in Alexandra, Virginia, VSE (Nasdaq: VSEC) paid $112 million in cash at closing, and could pay up to another $40 million if 1st Choice Aerospace meets certain performance thresholds in 2019 and 2020. The Miramar company, which has 200 employees, provides maintenance, repair and overhaul (MRO) services in throughout Florida and Kentucky.  “We are pleased to add 1st Choice’s service offerings to our supply chain and MRO portfolio,” said VSE CEO and President, Maurice “Mo” Gauthier.