ITT Inc. (NYSE: ITT) has bought KSARIA Holdings, a producer and supplier of connectivity services for the aerospace and defense end markets, from private equity firm Behrman Capital in a transaction valued at approximately $475 million.
Founded in 2000, KSARIA brings process technology and engineering experience to the connectivity industry, offering interconnect products and services to the mil/aero end market. The company’s products support applications for avionics, sensors, communications and networking on platforms with defense prime contractors and commercial aerospace leaders.
For KSARIA, Guggenheim Securities LLC and BMO Capital Markets Corp. served as financial advisors and Goodwin Procter LLP served as legal advisor.