Vectrus stockholders green-light merger with Vertex

All votes have been counted and an overwhelming majority of Vectrus' stockholders have signed off on both the agreement to merge with fellow government services company Vertex and take on a new name post-close.

Eighty-nine percent of the shares out of the nearly 10.6 million shares of Vectrus common stock represented at a Wednesday special stockholder meeting approved the transaction, the company said in a regulatory filing Wednesday.

Vote number two on the new name of "V2X" for the combined entity was a similar story as 96% of the shares represented were in favor of that change.

The companies expect to close their transaction early on in the third quarter of this year.

V2X has chosen Northern Virginia as the future location of its headquarters, which have been in Colorado Springs since Vectrus opened for business in 2014 after its separation from then-parent Exelis.

At the time of the initial announcement in March, Vectrus and Vertex estimated the new entity to have had around $3.4 billion in combined pro forma revenue for 2021. The new company will have approximately 14,000 employees.