Vectrus Acquires Zenetex
December 28, 2020
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.
- Buyers
- Vectrus, Inc.
- Targets
- Zenetex
- Industry
- Aerospace & Defense
- Location
- Virginia, United States
- Transaction Type
- Buyout
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