M&A
confidence high
sentiment positive
materiality 0.80
ESCO Technologies to acquire Ultra Maritime's Signature Management & Power for $550M
ESCO TECHNOLOGIES INC
- Purchase price of $550M; expected revenue ~$175M in CY2024 with Adjusted EBITDA margins above A&D segment.
- Business is sole source supplier for US and UK naval defense markets; adds high-margin, IP-rich capabilities.
- Approximately 410 employees across four US/UK facilities; will integrate into ESCO's A&D segment.
- Funding via cash on hand and incremental debt; committed financing from JPMorgan (up to $350M incremental facility).
- Closing subject to HSR and UK NSIA regulatory approvals; nine-month outside date.