Eastern Acquires Sungear and Crown Precision for $7.85 million
The Eastern Company said it acquired Sungear, LLC and Crown Precision, two California precision manufacturers serving aerospace and defense markets, for $7.85 million in aggregate cash consideration on a cash-free, debt-free basis. The deal creates a fourth operating platform for Eastern, and the filing says it was funded through borrowings under the company's existing revolving credit facility with Citizens Bank, N.A.
Key points
- Aggregate consideration of $7.85 million for 100% of Sungear and Crown equity, cash-free and debt-free
- Combined revenue of approximately $22.8 million for the trailing twelve months ended April 1, 2026
- Funded through borrowings under Eastern's revolving credit facility with Citizens Bank, N.A.
- Sungear and Crown will keep their existing management teams; the deal adds a fourth operating platform alongside Eberhard Manufacturing, Velvac, and Big 3 Precision
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.