Cubic Corporation

San Diego, California

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

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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