Cubic Corporation
Classification
Private
About
About
Cubic Corporation is a technology company founded in 1951 by Walter J. Zable, with its headquarters located in San Diego, California. The company operates as a provider of integrated solutions for the public transportation and defense sectors. Cubic Corporation began as a small electronics company and became a publicly traded entity in 1959. In May 2021, the company transitioned to a private entity following its acquisition by Veritas Capital and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P. Over its history, the company has diversified its portfolio through acquisitions such as Western Data Products, U.S. Elevator, Delerrok, and Pixia. Business/Product Breakdown Cubic Corporation operates through two primary business units: Cubic Transportation Systems and Cubic Defense. The transportation division functions as an integrator of payment and information solutions, providing automated fare collection systems, real-time passenger information, and intelligent traffic management solutions. These offerings include account-based ticketing, contactless payment acceptance, and mobile applications designed to reduce urban congestion. The defense division, under Cubic Mission & Performance Solutions, provides networked command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) capabilities. This unit delivers live, virtual, constructive, and game-based training solutions, as well as data link and personnel recovery systems for military and intelligence agencies.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private