Vectrus and The Vertex Company to Combine in All-Stock Merger

Vectrus Acquires Zenetex

December 28, 2020

Aerospace & Defense

Vectrus, Inc. agreed to acquire Zenetex for approximately $112 million (net of $11 million of expected tax benefits) to accelerate its converged infrastructure strategy and broaden capabilities in engineering, logistics, MRO, and security for defense and intelligence clients. The acquisition expands Vectrus' access to Intelligence Community and foreign military customers; Zenetex is headquartered in Herndon, Virginia and had roughly $200M in revenue with a backlog of over $700M.

Vertex Aerospace Acquires Raytheon Technologies' Defense Training and Mission Critical Solutions Business Lines

December 7, 2021

Aerospace & Defense

Vertex Aerospace, owned by private equity firm American Industrial Partners, agreed to acquire Raytheon Technologies' Defense Training and Mission Critical Solutions business lines, a group of businesses that generated approximately $1.0 billion in sales in 2020. The transaction (a divestiture by Raytheon Technologies) adds roughly 2,000 employees to Vertex, expands its training, mission-critical support and modernization capabilities, and broadens its government and commercial aerospace contract portfolio.

DFW Capital Partners Acquires Vertex Group

July 23, 2019

Cloud & SaaS

DFW Capital Partners has completed the acquisition of Vertex Group, a provider of customer information system (CIS) software and BPaaS integration services for mid-market water, electric and gas utilities, from Oak Hill Capital and GenNx360 Capital Partners. The deal gives Vertex management capital and runway to expand adoption of its VertexOne platform, and was financed with senior debt from Capital Southwest Corporation and East West Bank.

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.

GS Acquisition Holdings to Combine with Vertiv; Vertiv to List on NYSE

December 10, 2019

Infrastructure

Vertiv, a Platinum Equity portfolio company and global provider of critical digital infrastructure, will become a publicly traded company through a business combination with GS Acquisition Holdings Corp (a SPAC). The transaction is sponsored by affiliates of The Goldman Sachs Group and David M. Cote, values Vertiv at an anticipated pro forma enterprise value of about $5.3 billion, and leaves Platinum Equity as a significant post-close shareholder.

Vega Consulting / ACS Acquires Volt Information Sciences

April 25, 2022

Staffing & HR

Vega Consulting, an affiliate of American CyberSystems (ACS), completed a tender offer and short-form merger to acquire Volt Information Sciences, Inc. for $6.00 per share, taking Volt private. The transaction is intended to combine Volt's global staffing and workforce solutions with ACS/Vega's IT services and consulting capabilities to diversify services and expand offerings.