Sparton acquires Hunter Technology Corp.

Schaumburg, Illinois – Sparton Corp.’s wholly owned subsidiary, Sparton Hunter Corp., completed a merger with Hunter Technology Corp. in a $55 million all-cash transaction. The merger is subject to certain and conditional post-closing adjustments.

 

Hunter Technology, with operations located in Milpitas, California (San Jose), and Lawrenceville, Georgia (Atlanta), was founded in 1968 and was one of the first electronic contract manufacturing providers specializing in military and aerospace applications. Today, Hunter is one of the only suppliers in the Silicon Valley region providing engineering design, new product introduction (NPI), and full-rate production manufacturing solutions working with major defense and aerospace companies, test and measurement suppliers, secure networking solution providers, medical device manufacturers, and a wide variety of industrial customers.

 

“The addition of Hunter Technology meets the criteria of our growth strategy by providing further expansion regionally into Northern California, diversifying our customer base through both existing programs and a strong business development pipeline, increasing our engineering service capabilities and NPI offerings, and continuing to increase the number of complex sub-assembly and full device programs within Sparton,” commented Cary Wood, president & CEO of Sparton Corp.

 

“We are looking forward to combining forces with Sparton and taking the next step in the evolution of Hunter Technology,” commented Joe O’Neil, president of Hunter Technology. “We believe our growth will be accelerated with the additional support, enhanced capabilities, and global reach Sparton has to offer to our existing and future customers while providing Sparton with a regional presence of design and manufacturing services focused on integrated system functionality for critical, high-reliability applications in similar end markets.”

 

Wood added, “The addition of Hunter Technology’s $80.5 million of revenue, coupled with the full year impact of the other acquisitions made this year, will put us close to reaching the $500 million milestone.”

 

In March 2014, Hunter Technology Corp. acquired the equipment and inventory assets of Spectral Response LLC (Lawrenceville, Georgia), an EMS supplier of product design and manufacturing solutions to electronics and RF OEM customers. Hunter purchased the assets of NBS Designs Inc. (Milpitas, California) in October 2013.