What is Sparton?
Founded in 1900 and headquartered in Schaumburg, Illinois, Sparton specializes in the design, manufacturing, and distribution of outsourcing solutions for OEMs. The company's diverse product portfolio includes microprocessor-based systems, transducers, printed circuit boards, and sensors, notably developing and manufacturing sonobuoys. Sparton's long history and broad capabilities position it as a key player in the defense industry, offering comprehensive manufacturing and design services for complex defense-related technologies.
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 Associated Bank, N.A., US Bank National Association, Keybank National Association, Suntrust Bank, Wintrust Bank, BMO Harris Bank N.A., Bank of America, N.A., and Fifth Third Bank
Key Investors in Sparton
Associated Bank, N.A.
Associated Bank, N.A., founded in 1861 and headquartered in Green Bay, Wisconsin, is a Midwest banking franchise offering a full range of financial products and services, including retail banking, commercial banking, and commercial real estate lending.
Wintrust Bank
Wintrust Bank, part of Wintrust Financial Corporation, operates a community banking model combined with specialty finance businesses, providing comprehensive banking services and investment advisory services to individuals and institutional clients.
Fifth Third Bank
Fifth Third Bank, founded in 1858 and headquartered in Cincinnati, Ohio, offers a broad range of financial services across Commercial Banking, Consumer and Small Business Banking, and Wealth & Asset Management, including credit and lending solutions, deposit products, and specialized wealth services.
What's next for Sparton?
The substantial enterprise-level funding and recent strategic investment indicate a period of significant growth and potential expansion for Sparton. This capital infusion is likely to fuel advancements in its product development, particularly in areas like sonobuoys and advanced electronic systems, and may support the company's efforts to secure larger defense contracts. Sparton's focus on outsourcing for OEMs suggests a strategy aimed at leveraging its manufacturing expertise to capture a larger share of the defense supply chain, potentially through enhanced production capabilities or strategic partnerships.
See full Sparton company page
