Lincoln International Represents Onyx EMS, LLC in its sale to Sparton Corporation
Lincoln International LLC (“Lincoln”), a leading independent mid-market investment bank, has announced that Onyx EMS, LLC (“Onyx” or the “Company”) has been sold to Sparton Corporation, a publicly traded company (NYSE:SPA).
Based in Watertown, South Dakota with an additional site in Minneapolis, Minnesota, Onyx is a leading solutions provider to medical original equipment manufacturers (“OEMs”) offering design and test engineering and electronics manufacturing services (“EMS”) for complex applications. The Company provides comprehensive value-added services, from initial product design to repair and warranty and has deep relationships with market-leading medical OEMs.
Sparton Corporation is a premier supplier of sophisticated electromechanical devices, sub-assemblies and related services for highly regulated environments in the medical, military & aerospace and industrial markets. The acquisition of Onyx provides regional expansion into the Minneapolis medical device corridor, diversifies the customer base through both existing programs and a strong business development pipeline and also increases the number of complex sub-assembly and full device programs within Sparton.
Lincoln acted as the exclusive financial advisor to Onyx, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With thirteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com
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