Sparton Corp., announced that its wholly owned subsidiary, Sparton of Canada, Ltd. completed the acquisition of Stealth.com Inc., in an all-cash transaction.
Founded in 1990, Stealth.com, located in Woodbridge ON, 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 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,” Wood adds. “We expect Stealth.com’s revenue to enhance the Companys Engineered Components & Products segment EBITDA and be accretive to earnings within the next 9 – 12 months, once integration activities are completed.”
