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You are at:Home»News»Mergers & Acquisitions»Vectrus & Vertex to Merge
Mergers & Acquisitions

Vectrus & Vertex to Merge

By Staff WriterMarch 8, 2022
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Chuck Prow, Vectrus

Vectrus, Inc. and The Vertex Co. are merging to create a global provider of mission-essential solutions.

“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,” said Vectrus CEO Chuck Prow.

The combined company would have 2021 pro forma revenue of approximately $3.4 billion and adjusted earnings before interest, taxes, depreciation and amortization of approximately $283 million. This includes $20 million of estimated savings in operating costs after the merger.

“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,” Prow said.

And with a backlog of approximately $11.3 billion, the combined company has high revenue visibility and will benefit from increased scale, balance and diversity.

“Vertex and Vectrus share mission-oriented foundations and cultural alignment,” said Vertex CEO Ed Boyington. “By joining forces with Vectrus, we will be better positioned to help the Department of Defense and government agencies achieve their objectives, and in the process, create a stronger organization with greater career development and advancement opportunities for our employees.”

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