M&A Deal Summary

Sparton Acquires Argotec

On December 22, 2014, Sparton acquired electronics company Argotec

Acquisition Highlights
  • This is Sparton’s 4th transaction in the Electronics sector.
  • This is Sparton’s 7th transaction in the United States.
  • This is Sparton’s 1st transaction in Florida.

M&A Deal Summary

Date 2014-12-22
Target Argotec
Sector Electronics
Buyer(s) Sparton
Deal Type Add-on Acquisition

Target

Argotec

Longwood, Florida, United States
Argotec, located in Longwood, FL, develops and manufactures sonar transducer products and components for the U.S. Navy, and provides aftermarket servicing.

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Buyer(S) 1

Buyer

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 7 of 11
Sector (Electronics) 4 of 6
Type (Add-on Acquisition) 6 of 9
State (Florida) 1 of 1
Country (United States) 7 of 10
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Industrial Electronic Devices

Flemington, New Jersey, United States

IED, located in Flemington, NJ, designs and manufactures a full line of ruggedized displays for the Industrial and Marine markets. Their catalog spans over 600 standard, semi-custom, and custom configurations, incorporating some of the most advanced flat panel displays and touch screen technology available.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-21 KEP Marine

Eatontown, New Jersey, United States

KEP Marine designs and manufactures industrial displays, industrial computers and HMI software for the Marine market.

Buy -