Veritas Capital and Evergreen Coast Capital completed the acquisition of Cubic for $3bn.

Veritas Capital, a New York-based private-equity firm, and Evergreen Coast Capital, a private equity firm backed by Elliott, completed the acquisition of Cubic, an American public transportation and defense corporation, for $3bn, including debt. “Elliott believes this outstanding transaction maximizes value for Cubic’s shareholders, and we are pleased to have engaged constructively with the company’s board and management to reach this outcome. We look forward to partnering with Veritas and the Cubic team as we work through Cubic’s next phase of growth as a private company.” Jesse Cohn, Elliot Partner.