Investment Banking

Sparta Systems Has Agreed to be Acquired by Honeywell

Sparta Systems (logo) has agreed to be acquired by Honeywell (logo)

William Blair acted as financial advisor to Sparta Systems, Inc. (Sparta), a portfolio company of New Mountain Capital, in connection with its pending sale to Honeywell (NYSE: HON). The transaction was announced on December 22, 2020 and is expected to close in the first quarter of 2021.

About the Companies

Sparta is headquartered in Hamilton, N.J., and serves more than 400 customers, including 42 of the world’s top 50 pharma companies and 30 of the top 40 medical device companies. Sparta’s industry-leading quality management systems bring together an organization's quality processes in a single place, increasing efficiency and performance while helping to achieve compliance and reduce risk. Sparta is the provider of TrackWise® enterprise QMS software and TrackWise Digital® service, a next-generation, cloud and digital QMS SaaS platform.

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with $28 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.

Honeywell is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Honeywell’s technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make the world smarter, safer, and more sustainable.

Learn more about our technology investment banking expertise.

Delivered to Your Inbox

Stay up-to-date with the latest William Blair news

Our Latest News

Brightly Software Has Agreed to be Acquired by Siemens

William Blair acted as lead financial advisor to Brightly Software, Inc., a portfolio company of Clearlake Capital Group, L.P., in connection with its pending sale to Siemens AG (FRA:SIE) for $1.575 billion of upfront cash consideration, along with $300 million in cash earn-out payments, for a total of $1.875 billion.

Read more

Are you sure you want to leave?

Information contained on the internet is not subject to William Blair & Company's control or review, and may not be accurate.

For disclosure information, please visit www.williamblair.com/disclosures