ITT (NYSE: ITT) has completed its acquisition of kSARIA, a Behrman Capital portfolio company that manufactures and supplies connectivity offerings for the aerospace and defense end markets.
The Stamford, Connecticut-based company said Thursday its purchase of kSARIA will be funded with a ~$460 million term loan and cash on hand.
kSARIA is added to the connect and control technologies segment of ITT. The segment produces harsh environment connectors and control components used in critical aerospace, defense and industrial applications.
ITT’s existing connector portfolio now includes kSARIA’s cable assemblies for avionics, sensors, communications and networking applications.
The acquisition was announced in early August and was valued at approximately $475 million.
