VSE Corporation Announces Relocation of Corporate Headquarters to Miramar, Florida
21 Novembre 2024 - 1:00PM
Business Wire
VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a
leading provider of aftermarket distribution and repair services,
today announced the relocation of its corporate headquarters to
Miramar, Florida. The new headquarters will be co-located with the
Company’s Aviation segment headquarters and Maintenance, Repair and
Overhaul (“MRO”) center of excellence at 3361 Enterprise Way,
Miramar, FL, 33025.
“We are pleased to announce the relocation of our corporate
headquarters to South Florida, now co-located with our VSE Aviation
segment headquarters and MRO center of excellence in Miramar,
Florida,” said John Cuomo, President and CEO of VSE Corporation.
“This strategic move strengthens our ability to support our
business partners and employees while reinforcing our commitment to
the thriving South Florida aerospace community. By integrating our
corporate headquarters with the Aviation segment headquarters and
MRO facility, we expect to enhance collaboration and create a more
dynamic, interconnected workspace for our team.”
Mr. Cuomo added, “We extend our sincere thanks to Broward
County, the City of Miramar and the Greater Fort Lauderdale
Alliance for their exceptional support. Their dedication to
fostering an environment that promotes economic growth, attracts
top-tier talent, and supports strong businesses was pivotal in our
decision to make Miramar the home of our new headquarters.”
“Congratulations, VSE, on the relocation of your headquarters to
Miramar and Broward County. As a premier destination for
headquarters of all industries, and a thriving global aviation MRO
hub, we welcome you and look forward to your continued growth and
success,” said Bob Swindell, President/CEO of the Greater Fort
Lauderdale Alliance, Broward County’s official public/private
partnership for economic development.
“VSE’s decision to relocate its headquarters, bringing new high
value jobs and investment to Broward County, strengthens our
economic competitiveness and provides opportunities for Broward
families. Congratulations to VSE and the City of Miramar,” said
Broward County Mayor Beam Furr.
“The City of Miramar welcomes VSE. Miramar is a natural fit and
is thrilled to now be home to both the VSE’s headquarters along
with its MRO center of excellence. Thank you for bringing
significant capital investment and high-value jobs to the City of
Beauty and Progress,” said Miramar Mayor Wayne Messam.
The new Miramar headquarters boasts a prime location in the
heart of South Florida, located in the Miramar Park of Commerce
between Miami and Fort Lauderdale. The headquarters is located
across the street from a planned mixed-use “town center” to be
developed by Sunbeam Properties and Development. The new
development will provide VSE employees access to a variety of
amenities, including restaurants, retail shops, a hotel, and
apartments. VSE plans to add an additional 110 new employees over
the next five years, supporting the existing base of approximately
250 South Florida based employees. The Company also intends to
invest approximately $3.5 million in tenant improvements, including
new offices, additional MRO capabilities, a training and conference
center, and renovations to existing spaces.
VSE operates facilities across the U.S., U.K., and Germany. To
learn more about VSE’s current career opportunities in Florida and
around the world, visit https://vsecorp.com/careers/.
Advisor
Cushman & Wakefield served as exclusive advisor to VSE
Corporation.
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair
services. Operating through its two key segments, VSE significantly
enhances the productivity and longevity of its customers'
high-value, business-critical assets. The Aviation segment is a
leading provider of aftermarket parts distribution and maintenance,
repair, and overhaul (MRO) services for components and engine
accessories to commercial, business, and general aviation
operators. The Fleet segment specializes in part distribution,
engineering solutions, and supply chain management services catered
to the medium and heavy-duty fleet market. For more detailed
information, please visit VSE's website at www.vsecorp.com.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements.
These forward-looking statements, which are included in accordance
with the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, may involve known and unknown risks,
uncertainties and other factors that may cause VSE’s actual results
to vary materially from those indicated or anticipated by such
statements. Many factors could cause actual results and performance
to be materially different from any future results or performance,
including, among others, the risk factors described in our reports
filed or expected to be filed with the SEC. Any forward-looking
statement or statement of belief speaks only as of the date of this
press release. We undertake no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121842776/en/
INVESTOR RELATIONS CONTACT: Michael Perlman Vice
President of Investor Relations and Treasury Phone: (954) 547-0480
Email: investors@vsecorp.com
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