Elbit Systems acquisition of Sparton
Elbit Systems of America bought Sparton, a US Navy supplier of undersea warfare systems, from an affiliate of Cerberus.
- Company
- Sparton
- Type
- M&A
- Status
- Completed
- Date
- 6 Apr 2021
- Value
- US$380m
- Value basis
- US$380m purchase price
- Region
- US
- Segment
- Naval and underwater systems
Parties
- Elbit Systems buyer
- Cerberus Capital Management seller
Key terms
- Buyer
- Elbit Systems of America, LLC
- Announced
- 23 Dec 2020
- Conditions
- US Government and regulatory approvals
- Business
- Undersea warfare systems, based in De Leon Springs, Florida
Sources
- Elbit Systems Form 6-K: definitive agreement to acquire Sparton sec.gov · 23 Dec 2020
- Elbit Systems Form 6-K: completes the acquisition of Sparton sec.gov · 6 Apr 2021
Record DEF-INV-2021-0017. Investments are kept apart from the financings register and never counted in debt totals.
