Sparton acquires Beckwood Services in all-cash transaction

theflyonthewall.com

Sparton announces that its wholly owned subsidiary, Sparton Beckwood, has entered into a definitive purchase agreement to acquire Beckwood Services, an $18M revenue business, in an all-cash transaction. Beckwood Services is engaged in the contract services business of manufacturing electronic or electro-mechanical controls and electronic assemblies. The transaction was funded through Sparton’s existing cash balances and borrowings under the credit facility currently in place with BMO Harris Bank.

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