AEVEX Corp. Announces Launch of Initial Public Offering

SOLANA BEACH, Calif.--(BUSINESS WIRE)--AEVEX Corp. (“AEVEX”), a portfolio company of Madison Dearborn Partners’ funds and a global leader in cutting-edge unmanned systems, today announced it has launched the roadshow for its proposed initial public offering of 16,000,000 shares of its Class A common stock, all of which are being offered by AEVEX. In addition, AEVEX and the selling stockholder identified in the registration statement intend to grant the underwriters a 30-day option to purchase up to an additional 1,717,847 and 682,153 shares of Class A common stock from AEVEX and the selling stockholder, respectively, at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $18.00 and $21.00 per share.

AEVEX has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “AVEX.”

Goldman Sachs & Co. LLC, BofA Securities and Jefferies are acting as joint lead bookrunning managers for the proposed offering. J.P. Morgan, RBC Capital Markets and Baird are acting as bookrunning managers. William Blair, Raymond James and Needham & Company are acting as bookrunners. Academy Securities, Capital One Securities and PNC Capital Markets LLC will serve as co-managers.

The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the proposed offering may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, when available, a copy of the preliminary prospectus related to the proposed offering may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at [phone] or by email at [e-mail]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at [e-mail]; and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at [phone] or by email at [e-mail].

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The proposed offering is subject to market conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

About AEVEX Corp.

AEVEX supports U.S. and partner nation security objectives by providing comprehensive aviation and technology-based solutions. The company offers a diverse portfolio of Unmanned Aircraft Systems (UAS), combat-proven loitering munitions, and multi-mission Unmanned Surface Vehicles (USV). These capabilities complement AEVEX’s strengths in custom engineering, manned and unmanned aircraft modification, sensor integration, intelligence analysis, and specialized mission systems. AEVEX is headquartered in Solana Beach, California, with additional facilities in California, Florida, Ohio, Virginia, and Alabama.