M&A Deal Summary

Elbit Systems of America Acquires Sparton

On December 23, 2020, Elbit Systems of America acquired manufacturer Sparton from Cerberus Capital Management for 380M USD

Acquisition Highlights
  • This is Elbit Systems of America’s 1st transaction in the Manufacturing sector.
  • This is Elbit Systems of America’s largest (disclosed) transaction.
  • This is Elbit Systems of America’s 1st transaction in the United States.
  • This is Elbit Systems of America’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-12-23
Target Sparton
Sector Manufacturing
Buyer(s) Elbit Systems of America
Sellers(s) Cerberus Capital Management
Deal Type Add-on Acquisition
Deal Value 380M USD

Target

Sparton

De Leon Springs, Florida, United States
Sparton Corp. is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Sparton was founded in 1900 and is based in De Leon Springs, Florida.

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Buyer(S) 1

Buyer

Elbit Systems of America

Fort Worth, Texas, United States
Category Company
Founded 2007
Sector Aerospace
DESCRIPTION

Elbit Systems of America LLC is a provider of products and system solutions for commercial aviation and defense.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 49 of 54
Sector (Manufacturing) 2 of 3
Type (Add-on Acquisition) 24 of 27
State (Florida) 2 of 2
Country (United States) 34 of 36
Year (2020) 5 of 5
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Steward Health Care

Dallas, Texas, United States

Steward Health Care is the largest private, tax-paying physician-led health care network that operates 37 hospitals in the United States and the country of Malta that regularly receive top awards for quality and safety. Steward Health Care was founded in 2010 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Imagine

Minneapolis, Minnesota, United States

Imagine is a complete visual communications provider, delivering end-to-end solutions for retailers, CPGs and various other segments. Imagine helps brand marketers execute in-store campaigns with the highest level of quality and accuracy while maintaining a streamlined, cost-effective process. Imagine was founded in 1988 and is based in Minneapolis, Minnesota.

Buy -
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