Elbit America Completes $380 Million Acquisition Of Sparton

摘要

Elbit Systems of America on Tuesday said it has completed its $380 million acquisition of Sparton Corp. in a deal that expands its work on naval systems. The acquisition also expands Elbit America's footprint in the U.S. Elbit America is a subsidiary of Israel's Elbit Systems [ESLT]. Sparton, which is based in Florida, previously was owned by the private equity firm Cerberus Capital Management. Albion River also invested in Sparton with Cerberus.