M&A Deal Summary

Vectrus Acquires Vertex

On March 7, 2022, Vectrus acquired aerospace company Vertex from American Industrial Partners for 2.1B USD

Acquisition Highlights
  • This is Vectrus’ 1st transaction in the Aerospace sector.
  • This is Vectrus’ largest (disclosed) transaction.
  • This is Vectrus’ 5th transaction in the United States.
  • This is Vectrus’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2022-03-07
Target Vertex
Sector Aerospace
Buyer(s) Vectrus
Sellers(s) American Industrial Partners
Deal Type Merger
Deal Value 2.1B USD
Advisor(s) RBC Capital Markets
Evercore Group (Financial)
Jones Day
Baker Botts LLP
Ropes & Gray (Legal)

Target

Vertex

Madison, Mississippi, United States
website
Vertex delivers integrated turnkey lifecycle support from concept definition to engineering and manufacturing, through the end of life support of complex systems and platforms, Vertex offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs for defense and commercial customers, and integrated supply-chain solutions. Vertex is based in Madison, Mississippi.

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Buyer(S) 1

Buyer

Vectrus

Colorado Springs, Colorado, United States

website

Category Company
Founded 2014
Sector Business Services
Employees9,200
Revenue 1.4B USD (2020)
DESCRIPTION
Entrance to Vectrus' corporate headquarters in Colorado Springs, Colorado.
Entrance to Vectrus' corporate headquarters in Colorado Springs, Colorado.

Vectrus is a global government services company. The company provides infrastructure asset management, information technology and network communication services, and logistics and supply chain management services to the US government around the world. Vectrus was established in 2014 and is based in Colorado Springs, Colorado.

DEAL STATS #
Overall 5 of 5
Sector (Aerospace) 1 of 1
Type (Merger) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 HHB Systems

Springfield, Virginia, United States

HHB Systems is a provider of high-end solutions for facilities management, logistics, engineering, enterprise operations, and asset management solutions supporting Intelligence Community (IC) projects. HHB Systems was founded in 2003 and is based in Springfield, Virginia.

Buy -

Seller(S) 1

SELLER

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 23 of 24
Sector (Aerospace) 1 of 1
Type (Merger) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 21 of 22
Year (2022) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Strike

The Woodlands, Texas, United States

Strike is a privately-held pipeline, facilities, and energy infrastructure solutions, provider. Strike delivers a full range of integrated engineering, construction, maintenance, integrity, and specialty services that span the entire oil and gas lifecycle. Strike is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Carlstar Group

Franklin, Tennessee, United States

Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

Sell $296M
Mergr

Product

Company

Legal