A complex mergers & acquisitions deal carried out by several members of Gunster’s corporate law team is making headlines. A profile on the significant transaction was featured in the Daily Business Review.
Gunster represented 1st Choice Aerospace in its sale to VSE Aviation Inc., an Alexandria, Virginia-based engine service and supply company, for $112 million plus a potential $40 million earn-out based on its financial performance over the next two years.
The Miramar-based company had “significant growth over the last two years and decided maybe this was a good time to exit and partner with a company that would help them continue to grow the business,” said Gunster corporate law co-chair Mike Mitrione.
This isn’t the first time 1st Choice’s executives have created a company in the aviation industry and then sold it. It’s the third time, with Gunster involved in all of the transactions.
Read the full article: Virginia’s VSE acquires Miramar aircraft services firm for $112 million