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Vectrus, Vertex Merging To Create $3.4 Billion Defense Services Company

Cal Biesecker By
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Vectrus, Vertex Merging To Create $3.4 Billion Defense Services Company
Chuck Prow, president and CEO of Vectrus, will be CEO of the new company. Photo: Vectrus

Government services and mission solutions contractors Vectrus, Inc. [VEC] and The Vertex Company on Monday said they have agreed to combine to create a $3.4 billion company that provides a comprehensive suite of offerings to government and defense customers worldwide. The transaction is expected to close during the third quarter subject to approvals by regulators and Vectrus’ shareholders. Under terms of the all-stock merger, Vertex shareholders will own about 62 percent of the company and Vectrus shareholders 38 percent. The…

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