American Industrial Partners portfolio company Vertex merges with Vectrus
Client(s) American Industrial Partners Capital Fund VI LP
Jones Day advised Vertex Aerospace, a portfolio company of American Industrial Partners, in its stock-for-stock merger with Vectrus, Inc. (NYSE: VEC), at an implied value for Vertex of approximately $2.1 billion. The combined company will offer significantly expanded technology and service capabilities, delivering a comprehensive suite of integrated solutions and critical service offerings to support national security readiness and modernization initiatives around the world. As a result of the merger, American Industrial Partners now owns approximately 58% of the public shares of Vectrus.