M&A
confidence high
sentiment positive
materiality 0.85
Vectrus to merge with Vertex in all-stock deal valued at ~$2.6B; Vertex owners to hold 62%
V2X, Inc.
- All-stock merger valued at ~$2.6B enterprise value; Vertex shareholders will own ~62% of combined company.
- Pro forma 2021 revenue ~$3.4B, backlog ~$11.3B, adjusted EBITDA margin >8%.
- Expected close Q3 2022, subject to regulatory and Vectrus shareholder approvals.
- Chuck Prow to serve as CEO, Susan Lynch as CFO; new name and Northern Virginia HQ post-close.
- Targets ~$20M annualized pre-tax net cost synergies by 2024.