Onyx EMS has been sold to Sparton Corporation

Lincoln International (“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.

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