M&A Deal Summary

VSE Acquires 1st Choice Aerospace

On January 10, 2019, VSE acquired aerospace company 1st Choice Aerospace for 112M USD

Acquisition Highlights
  • This is VSE’s 5th transaction in the Aerospace sector.
  • This is VSE’s 3rd largest (disclosed) transaction.
  • This is VSE’s 11th transaction in the United States.
  • This is VSE’s 2nd transaction in Florida.

M&A Deal Summary
Date 2019-01-10
Target 1st Choice Aerospace
Sector Aerospace
Buyer(s) VSE
Deal Type Add-on Acquisition
Deal Value 112M USD

Target

1st Choice Aerospace

Miramar, Florida, United States
1st Choice Aerospace provides MRO services, including pneumatics, fuel, electro-mechanical, electrical accessories, crew seats, interiors, lavatory systems, oxygen systems, cargo systems, and containers. 1st Choice has Federal Aviation Administration and European Aviation Safety Agency Part 145 certified component repair stations located in Florida and Kentucky. 1st Choice customers include commercial and cargo airline operators, end users, integrators that manage airline repairs, Original Equipment Manufacturers, suppliers, and other MRO providers.

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Buyer(S) 1

Buyer

VSE

Alexandria, Virginia, United States
Category Company
Founded 1959
Sector Business Services
Employees1,200
Revenue 860M USD (2023)
DESCRIPTION

VSE is a diversified professional services company providing engineering, systems integration, technology and management solutions to customers in the defense, homeland security, law enforcement, energy, and environmental industries. VSE was founded in 1959 and is based in Alexandria, Virginia.

DEAL STATS #
Overall 11 of 15
Sector (Aerospace) 5 of 7
Type (Add-on Acquisition) 7 of 11
State (Florida) 2 of 2
Country (United States) 11 of 15
Year (2019) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Air Parts & Supply

Miami, Florida, United States

Air Parts & Supply Co., Inc. is an aircraft parts supplier specializing in the distribution of aircraft ignition parts, fuel control parts, starter generators, and starter generator parts for aircraft turbine engines and industrial gas turbine engines for power generation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 GlobalParts.aero

Augusta, Kansas, United States

GlobalParts.aero is a distributor and MRO provider in the aviation industry. Global Parts’ distribution business focuses on supporting airframe components, while its repair capabilities extend to hydraulics and pneumatics. GlobalParts.aero is based in Augusta, Kansas.

Buy $38M
Mergr

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