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Cerberus brings back Nixon -- Washington Technology


Mar 08, 2021
Private equity firm Cerberus Capital Management has brought back a familiar face to help them identify investment opportunities in the technology, security and defense sectors.
Cerberus said Friday that Greg Nixon has taken the role of strategic investments, senior legal counsel and senior managing director.
Nixon is chairman of the board of directors for portfolio company Navistar Defense and was a member of the board at Sparton Corp., which Cerberus acquired in 2019 and then sold a year later to Elbit Systems of America.
His most recent executive role was chief administrative officer and chief legal officer at DynCorp International, which Cerberus sold to Amentum late last year. ....

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Elbit Systems' U.S. arm inks $380M deal for Sparton -- Washington Technology


By Ross Wilkers
Dec 23, 2020
Elbit Systems’ U.S. subsidiary has agreed to acquire electronic system and sonobuoy maker Sparton Corp. for $380 million to gain an increased footprint with the Navy and other allied military services.
In a release Wednesday, Elbit Systems of America said the necessary regulatory approvals could require “a number of months” to get through before deal closure.
Sparton focuses on products for undersea warfare and ruggedized displays for defense and industrial use.
De Leon Springs, Florida-based Sparton was acquired in 2019 by private equity firm Cerberus Capital Management, which has since supported the contractor in the divestiture of its contract manufacturing business to become a pure-play defense supplier. ....

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