Innovative Solutions and Support, Inc. (ISSC) has acquired Sparton Aydin, LLC (d.b.a. Aydin Displays) from Sparton Corporation for an aggregate purchase price of $24.5 million. Aydin Displays is a designer and manufacturer of ruggedized displays for demanding defense and commercial applications. The acquisition was financed through borrowings under ISSC's existing credit facility.
Key Details
- Transaction Terms: The aggregate purchase price is $24.5 million, subject to customary adjustments for working capital, indebtedness, and transaction expenses. The acquisition was completed on July 21, 2026.
- Financing: The purchase was funded by borrowings of approximately $24.5 million under the company's existing credit facility with J.P. Morgan Chase Bank, N.A.
- Acquired Business: Aydin Displays, founded over 50 years ago, serves the defense, homeland security, aviation, and medical markets with ruggedized display technology for ground, sea, and air environments.