AEVEX Corp. announced the completion of its previously disclosed acquisition of Maritime Applied Physics, LLC, a developer of autonomous marine vessels, on September 8, 2026. The transaction was based on a total enterprise value of $600 million, paid through a combination of cash and stock.
Key Details
- Transaction Value: The aggregate merger consideration was based on a total enterprise value of $600,000,000, subject to customary post-closing adjustments.
- Consideration Mix: The seller received $350,000,000 in AEVEX Class A common stock (12,727,273 shares) and the remainder in cash, subject to a $5,000,000 adjustment escrow.
- Contingent Consideration: The agreement includes a potential contingent payment of $50,000,000, payable in additional shares. This payment is tied to AEVEX's 30-day volume-weighted average stock price reaching or exceeding $28.00 per share and the target achieving specific revenue and gross profit milestones from certain government contracts for autonomous vessels by December 31, 2027.