Latham Advises on AEVEX Corp.’s US$320 Million IPO

AEVEX Corp. (AEVEX), a portfolio company of Madison Dearborn Partners’ funds and a global leader in cutting‑edge unmanned systems, has announced the pricing of its initial public offering of 16,000,000 shares of its Class A common stock at a price to the public of US$20 per share. In addition, AEVEX has granted the underwriters a 30‑day option to purchase up to an additional 2,400,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange on April 17, 2026, under the ticker symbol AVEX. The offering is expected to close on April 20, 2026, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a Capital Markets team led by partners Michael Benjamin and Sandy Kugbei, with associates Kan Ni and Matthew LoCastro. Advice was also provided on tax matters by partner Andrea Ramezan‑Jackson, with associate Nolon Blaylock; on government contracts matters by partner Kyle Jefcoat, with associate Genevieve Hoffman; on compliance matters by partner Daniel Dominguez, with associates Eric Green, Dominique Luongo, and Maria Krol Stosz; on data privacy and cybersecurity matters by partner Robert Blamires, with associate Kathryn Parsons‑Reponte; on intellectual property matters by partner Jessica Cohen, with associates Zachary Shufro and Victoria Allen; and on benefits matters by partners Bradd Williamson and Alisa Hand, with assistance from Amelia Best.