Deal Details

AEVEX Completes $216.0 Million Follow-On Offering

Industrial

AEVEX follow-on offering

Summary

AEVEX Corp. (“AEVEX” or the “Company”) (NYSE: AVEX), a portfolio company of Madison Dearborn Partners, recently announced the pricing of its public offering of 8,000,000 shares of its Class A common stock at a public offering price of $27.00 per share, generating gross proceeds of approximately $216.0 million (the “Offering”). The Offering consisted of 5,726,157 shares of Class A common stock sold by AEVEX and 2,273,843 shares of Class A common stock sold by certain selling stockholders. The Company and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 858,923 shares and 341,077 shares, respectively, of AEVEX’s Class A common stock.

AEVEX intends to use the net proceeds to purchase Series B Units, together with an equivalent number of shares of Class B common stock, from certain direct and indirect members of ATS Investment Holdings, including entities controlled by its Principal Stockholder. AEVEX will not receive any proceeds from the sale of its Class A common stock by the selling stockholders.

Baird served as an Active Bookrunner on the Offering.

Key Offering Metrics

Launch Date - June 1, 2026
Pricing Date - June 3, 2026
Exchange / Ticker - NYSE / AVEX
Class A Shares Offered - 8,000,000 shares
Offer Price - $27.00
Base Offering Size - $216.0 million (100% secondary)
Overallotment Option - $32.4 million (100% secondary)
Total Offering Size - $248.4 million
Pre-Deal Market Cap - $4.4 billion
Discount to Last Trade - (2.4%)
File-to-Offer Discount - (30.1%)
Base Deal Size as a % of Pre-deal Market Cap - 4.9%
Execution - 2-Day Marketed Follow-on

About

AEVEX is a leading U.S. defense technology company delivering autonomous unmanned systems, AI‑enabled mission software and advanced ISR, and electronic warfare solutions for national security customers. With vertically integrated engineering, rapid prototyping, and high‑volume manufacturing across multiple U.S. locations, AEVEX provides affordable, front‑line‑ready capabilities designed for contested and GPS‑denied environments. AEVEX’s mission is to strengthen deterrence, enhance warfighter effectiveness, and help ensure the United States maintains technological and industrial advantage in the era of autonomy. AEVEX is headquartered in Solana Beach, California.

Since Madison Dearborn Partners’ formation in 1992, the firm has raised aggregate capital of more than $31 billion and has completed over 160 platform investments. Madison Dearborn Partners invests across four dedicated industry verticals, including financial services, healthcare, basic industries, and technology & government. Drawing on deep industry and operational expertise, Madison Dearborn Partners works closely with management teams to drive value creation and operational improvement across its portfolio. Madison Dearborn Partners is headquartered in Chicago, Illinois.

Industrial

AEVEX follow-on offering