ITT completes acquisition of kSARIA; $460M term loan funds $175M-revenue connectivity firm

ITT INC.

Acquisition of kSARIA, maker of mission-critical cable assemblies for defense/aerospace, completed Sept. 12, 2024.
kSARIA had ~$175M 2023 sales, ~1,000 employees, six North American manufacturing sites.
Funding: ~$460M three-year term loan (SOFR + 0.875-1.50% margin) plus cash on hand.
Nearly 70% of kSARIA positions are sole/primary source; defense TAM ~$7B growing high-single-digit CAGR.
kSARIA integrated into ITT's Connect & Control Technologies segment.

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