Deal Details

V2X Completes $152.5 Million Follow-On Offering

Industrial
Technology & Services

V2X follow-on offering

Summary

V2X, Inc. (“V2X” or the “Company”) (NYSE: VVX), a portfolio company of American Industrial Partners (“AIP” or the “Selling Stockholder”), recently completed a secondary public offering of V2X’s common stock (the “Offering”). The aggregate size of the Offering was 2,500,000 shares of common stock at a price of $61.00 per share. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares of common stock from the Selling Stockholder. V2X is not selling any shares of common stock in the Offering and V2X will not receive any proceeds from the Offering by the Selling Stockholder.

Baird served as lead bookrunner on this Offering.

About

V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission's lifecycle to enhance readiness, optimize resource management, and boost security. The Company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today's toughest challenges across all operational domains. V2X is headquartered in McLean, Virginia.

AIP is an industrials investor, with approximately $16 billion in assets under management. AIP is distinctively focused on industrial businesses across a broad range of end markets that include: aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP looks to generate differentiated returns by investing in quality industrial businesses with strong management teams and working with those teams to implement comprehensive operating agendas to build long-term value. Current AIP portfolio companies generate aggregate annual revenues of approximately $25 billion and employ approximately 65,000 employees as of June 30, 2024. AIP is headquartered in New York, New York.

Industrial
Technology & Services

V2X follow-on offering