March 18, 2015 – Sparton of Canada acquired Stealth.com Inc., on March 16, 2015 in an all-cash transaction. Founded in 1990, Stealth.com, located in Woodbridge, Ontario, is a build-to-order, specialty configurator of high performance ruggedized industrial grade computers systems and peripherals that include mini PCs, rackmount server PCs, portable PCs, and LCD touch screen displays.
These products service Military, Government, Industrial, and Commercial markets.
"The addition of Stealth.com meets the criteria of our growth strategy by further expanding our engineered components and products offering in the ruggedized electronics space” stated Cary B. Wood, president and chief executive officer of Sparton.
“Stealth.com complements our existing offerings under Aydin Displays and KEP Marine, allowing us to serve a wider breadth of customers with a greater depth of products and services.”
“We are looking forward to joining Sparton and taking the next step in the evolution of Stealth.com,” commented Ed Boutilier, president of Stealth.com. “We have been impressed by the leadership, their strategies for growth, and the complement of product lines that we will join under Sparton’s Engineered Components & Products (ECP) business unit.”
“Stealth.com marks the fourth acquisition in a market space where we did not have a presence 15 months ago. We have amassed a business in which we expect synergies to benefit both our customers, our operations, and our product development. We expect Stealth.com’s revenue to enhance the Company’s Engineered Components & Products segment EBITDA and be accretive to earnings within the next 9 - 12 months, once integration activities are completed,” Mr.
Wood concluded.
About Sparton Corporation
Sparton Corporation (NYSE:SPA), now in its 115th year, 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. Headquartered in Schaumburg, IL, Sparton currently has nine manufacturing locations and four engineering design centers worldwide.
