What is Sparton?
Founded in 1900 and headquartered in Schaumburg, Illinois, Sparton operates as a sophisticated defense contractor and contract manufacturer. The company provides a comprehensive suite of services, including the design, manufacturing, and distribution of complex electronic systems. Its product portfolio is diverse, encompassing transducers, printed circuit boards, and specialized sensors, alongside the development and production of sonobuoys for maritime defense applications. Sparton serves as a vital link in the OEM outsourcing ecosystem, providing the technical rigor and manufacturing scale necessary for mission-critical hardware.
How much funding has Sparton raised?
Sparton has raised a total of $200M across 1 funding round:
Debt
$200M
Debt (2014): $200M with participation from US Bank National Association, Associated Bank, N.A., Wintrust Bank, Suntrust Bank, Keybank National Association, Bank of America, N.A., Fifth Third Bank, and BMO Harris Bank N.A.
Key Investors in Sparton
Associated Bank, N.A.
Founded in 1861 and headquartered in Green Bay, Wisconsin, Associated Banc-Corp is a Midwest banking franchise, offering a full range of financial products and services including commercial banking and real estate lending.
Wintrust Bank
Wintrust Financial Corporation is a prominent financial holding company that operates through a unique community banking model combined with specialty finance businesses, providing comprehensive treasury and commercial lending solutions.
Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, providing a broad range of commercial banking, capital markets services, and institutional lending solutions.
What's next for Sparton?
Looking ahead, the strategic deployment of this capital is expected to focus on enhancing Sparton's manufacturing infrastructure and expanding its technological footprint within the defense sector. As the company transitions through this phase of major enterprise-level funding, management will likely prioritize the optimization of its supply chain and the integration of next-generation manufacturing processes. This financial backing provides the necessary runway to pursue long-term growth initiatives, ensuring that Sparton remains at the forefront of industrial innovation and defense readiness in an increasingly competitive global market.
See full Sparton company page
