M&A Deal Summary

One Equity Partners Acquires Spartronics

On June 26, 2020, private equity firm One Equity Partners acquired manufacturer Spartronics from Sparton

Acquisition Highlights
  • This is One Equity Partners’ 9th transaction in the Manufacturing sector.
  • This is One Equity Partners’ 53rd transaction in the United States.
  • This is One Equity Partners’ 5th transaction in New York.

M&A Deal Summary

Date 2020-06-26
Target Spartronics
Sector Manufacturing
Buyer(s) One Equity Partners
Sellers(s) Sparton
Deal Type Divestiture

Target

Spartronics

Fairport, New York, United States
Spartronics engineers, designs, and manufactures highly complex electronic and electromechanical devices, including sophisticated printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses. Spartronics is based in Fairport, New York.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 89 of 131
Sector (Manufacturing) 9 of 16
Type (Divestiture) 17 of 29
State (New York) 5 of 8
Country (United States) 53 of 78
Year (2020) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-08 Zodiac Systems

Hicksville, New York, United States

Zodiac Systems is a video service delivery software company that provides advanced cloud and device software and engineering services for Tier 1 media and telecom operators globally. For 17 years, Zodiac’s software has been quietly powering the video service delivery networks of Tier I operators. Zodiac Systems was formed in 2003 and is based in Hicksville, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 AdaptHealth

Plymouth Meeting, Pennsylvania, United States

AdaptHealth is a provider of home healthcare equipment, medical supplies to the home and related services. AdaptHealth provides a full suite of medical products and solutions designed to help patients manage chronic conditions in the home, adapt to life, and thrive. Product and services offerings include (i) sleep therapy equipment, supplies and related services (including CPAP and bi PAP services) to individuals suffering from obstructive sleep apnea, (ii) home medical equipment (HME) to patients discharged from acute care and other facilities, (iii) oxygen and related chronic therapy services in the home, and (iv) other HME medical devices and supplies on behalf of chronically ill patients with diabetes care, wound care, urological, ostomy and nutritional supply needs. AdaptHealth is based in Plymouth Meeting, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Sparton

De Leon Springs, Florida, United States

Category Company
Founded 1900
Sector Manufacturing
Employees700
Revenue 375M USD (2018)
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Hunter Technology

Milpitas, California, United States

Hunter Technology Corporation is a provider of electronic manufacturing services to defense contractors and OEMs.

Buy $55M