Covington Assists Vectrus with Acquisition of Zenetex

Covington Assists Vectrus with Acquisition of Zenetex

December 30, 2020

WASHINGTON—Covington advised Vectrus on regulatory matters in its recently announced acquisition of Zenetex, a leading provider of technical and strategic solutions focused on enabling mission readiness, performance, and enhanced protection for defense and national security clients globally. The transaction is valued at approximately $112 million, net of $11 million of expected tax benefits.

Vectrus provides facility and base operations, supply chain and logistics services, information technology mission support, and engineering and digital technology services primarily to U.S. government customers around the world. The acquisition adds critical new capabilities which will accelerate Vectrus' converged infrastructure strategy and expands the company's client base with new DoD, intelligence, and foreign military clients.

The Covington team was led by Scott Freling and included Jason Levy, Michael Francese, and Peter Hutt II.