Daily News: March 19, 2014

Sparton Taps BMO Harris Facility to Acquire Aubrey Group

Sparton Corporation announced it completed an all-cash transaction to acquire Aubrey Group, an $8 million revenue business. Aubrey will continue to service its current and future customers out of its Irvine, CA location.

Sparton said the transaction was funded through its borrowings under the credit facility currently in place with BMO Harris Bank.

Aubrey Group is a design and manufacturing company using state-of-the-art technologies to develop new products for OEMs in the Medical and Biotechnological markets.

Schaumburg, IL-based Sparton Corporation is a provider of electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment.