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Vectrus completed the merger with Vertex in a $2.1bn deal.

Synopsis

Vectrus, a provider of critical mission support for our customers' toughest operational challenges, completed the merger with Vertex, a firm engaged in the aviation maintenance, worldwide contractor logistics support, systems engineering and integration and specialized onsite mission execution, in a $2.1bn deal. Vertex shareholders own approximately 62% of the combined company, while Vectrus shareholders own approximately 38%. "The combination of Vectrus and Vertex will create a stronger, more diversified company and one of the leading providers of critical mission solutions and support to defense clients globally. This highly strategic transaction builds on both companies' accomplishments over the last several years and significantly accelerates our ability to deliver converged solutions while providing enhanced value for our shareholders and other stakeholders," Chuck Prow, Vectrus CEO.

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