Cubic - M&A Summary, Ownership, and Business Overview

DefenseCompany

Cubic M&A Summary

Cubic has acquired 17 companies of its own, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Cubic’s largest acquisition to date was in 2018, when it acquired Advanced Traffic Solutions for $236M. Cubic has acquired in 8 different US states, and 2 countries. The Company’s most targeted sectors include technology hardware (24%) and business services (18%).

Cubic Ownership

Who owns Cubic?

Cubic is owned by Veritas Capital. It was acquired on February 8, 2021.

Is Cubic PE-backed?

Yes. Cubic is owned by private equity investor Veritas Capital.

Cubic Business Overview

Where is Cubic headquartered?

Cubic is headquartered in San Diego, California.

What is Cubic’s revenue?

Cubic disclosed revenue of 1,476M USD for 2020 and 1,496M USD for 2019.

How many employees does Cubic have?

Cubic has 6,200 employees.

What sector is Cubic in?

Cubic is a defense company.

When was Cubic founded?

Cubic was founded in 1949.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity17
  • Total Sectors Invested 9
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

Cubic

Cubic Corp.

9233 Balboa Avenue,
San Diego, California 92123
United States,
(858) 277-6780
www.cubic.com

Cubic is a provider of transportation technology solutions that support the operational needs of the most complex transit systems globally. The Company also provides highly engineered training solutions as well as specialized hardware and software offerings that improve operational readiness and support mission communication and intelligence gathering and analysis. Cubic was formed in 1949 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 17 - - - - - 17
vol $967M $967M
Sell (0.0/yr) # - - - - - - 0
  17

Most Recent M&A

Company Date Value Type
Pixia Corp. 2019-11-25 - Add-on Acquisition
Herndon, Virginia · www.pixia.com
Nuvotronics, Inc. 2019-03-14 72M USD Add-on Acquisition
Durham, North Carolina · www.nuvotronics.com
GRIDSMART Technologies, Inc. 2019-01-02 87M USD Add-on Acquisition
Knoxville, Tennessee · www.gridsmart.com
Trafficware Ltd. 2018-10-25 - Add-on Acquisition
Sugar Land, Texas · www.trafficware.com
Advanced Traffic Solutions, Inc. 2018-10-24 236M USD Add-on Acquisition
Denver, Colorado · www.atsol.com
Shield Aviation, Inc. 2018-07-24 - Add-on Acquisition
San Diego, California · www.shieldaviation.com
MotionDSP 2018-02-21 - Add-on Acquisition
Burlingame, California · www.motiondsp.com
Deltenna Ltd. 2017-07-18 - Add-on Acquisition
Chippenham, United Kingdom · www.deltenna.com
Vocality International Ltd. 2016-11-30 10M USD Add-on Acquisition
Shackleford, United Kingdom · www.vocality.com
GATR Technologies, Inc. 2016-02-03 233M USD Add-on Acquisition
Huntsville, Alabama · www.gatr.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cubic Transportation Systems, Inc.    - Serco - Transport Solutions Business 2013-11-27 2
San Diego, California · www.cts.cubic.com , United Kingdom
Cubic Transportation Systems, Inc.    - NextBus Inc. 2013-01-24 1
San Diego, California · www.cts.cubic.com Emeryville, California

M&A by Sector

Sector Buy # Value Sell # Value
Technology Hardware 4 (24%) 243M (25%) - -
Business Services 3 (18%) 288M (30%) - -
Software 3 (18%) - - -
Information Technology 2 (12%) 39M (4%) - -
Aerospace 1 (6%) - - -
Communications 1 (6%) 115M (12%) - -
Defense 1 (6%) 72M (7%) - -
Electronics 1 (6%) 87M (9%) - -
Medical Products 1 (6%) 124M (13%) - -
Total 17 $967M - -

By Geo

State/Country Buy Value Sell Value
United States 15 957M - -
  California 5 124M - -
  Virginia 3 154M - -
  North Carolina 2 124M - -
  Texas 1 - - -
  Tennessee 1 87M - -
  Georgia 1 - - -
  Colorado 1 236M - -
  Alabama 1 233M - -
United Kingdom 2 10M - -
Domestic 15 (88%) 957M (99%) - -
Cross-border 2 (12%) 10M (1%) - -
Total 17 $967M - -

Deal Values

buy # Total
$100M to $1B 4 $707M
< $100M 5 $260M
TOTAL $967M
Largest Advanced Traffic Solutions, Inc.
$236M (2018-10-24)

M&A Connections

Deals
Acquired from
Investor(s)
12%
2 (12%)
Strategic(s)
12%
2 (12%)

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