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Tag Archives: Raymond James & Associates

Cerberus to Acquire Sparton; Tarek Ajouz Quoted

New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton’s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing director …

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Arlington Capital Acquires Black Box’s Government Arm to Form New Comms Tech Firm

Arlington Capital Partners has launched a new company, Tyto Athene, after the Washington-based investment firm completed its $75M cash purchase of Black Box’s (Nasdaq: BBOX) government solutions business. Tyto Athene will provide systems integration support and managed services for communications platforms of the Defense Department and civilian agencies, Arlington Capital …

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Valiant Signs $135M Cash Deal to Buy Cubic’s Global Defense Services Business

Valiant Integrated Services has agreed to acquire Cubic’s (NYSE: CUB) global defense services business for approximately $135 million in cash in a push to expand its client base and broaden its technical platforms and service offerings in training and readiness markets. Valiant CEO James Jaska said in a statement published Thursday …

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SOSi buys STG in cyber, analytics services expansion push

SOS International has purchased Reston, Virginia-based government information technology services contractor STG for an undisclosed sum in a move to broaden its contract and client base and expand its portfolio with the addition of cybersecurity, data analytics and software development capabilities in support of defense, diplomatic and intelligence agencies. SOSi …

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Ultra Electronics Agrees to Purchase Sparton

U.K.-based defense and aerospace equipment manufacturer Ultra Electronics has agreed to acquire Schaumburg, Illinois-based electromechanical technology provider Sparton  (NYSE: SPA). Sparton said Friday the transaction is valued at $23.50 per share and that it expects to complete the sale by Jan. 1, 2018. Joseph Hartnett, interim president and CEO of Sparton, said the deal …

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Belcan Agrees to Buy Schafer, Taps Lee Shabe to Lead Newly Formed Govt Services Segment

Belcan, a portfolio company of private investment firm AE Industrial Partners, has agreed to buy Schafer Corp. from Metalmark Capital Partners for an undisclosed amount in a move to expand its technical and engineering service offerings. Both companies expect to complete the transaction in the second quarter of 2017, Belcan said Thursday. Belcan CEO …

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