Sparton Looks for a Buyer

​Sparton Corporation announced that it has engaged Wells Fargo Securities LLC to find it a buyer.  This development comes after the company’s CEO and SVP for Corporate Development abruptly left the company in February.  Sparton, a provider of electromechanical devices and contract manufacturing services to both industry and the military, was itself a serial acquirer during the last few years (find their deals in our M&A database).  Unfortunately for the company, some of the challenges brought on by the acquisitions has led it to being put on the auction block.