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Veritas Capital and Evergreen Coast Capital Buy Cubic Corporation Posted on 05/25/2021 San Diego-based Cubic Corporation is an American public transportation and defense corporation. It operates two business segments, Cubic Transportation Systems and Cubic Mission and Performance Solutions, respectively. Veritas Capital and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., acquired Cubic Corporation for a transaction valued at approximately US$ 3 billion, including the assumption of debt. The go-private transaction, which was announced on February 8, 2021 and the terms of which were amended on March 31, 2021, received approval from Cubic shareholders on April 27, 2021. Cubic will remain based in San Diego, California, and the transition is expected to be seamless for customers and employees across Cubic’s businesses.

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