ITT to acquire SPX FLOW for $4.775B; expects accretion in 2026

ITT INC.

Acquisition of SPX FLOW for $4.775B ($4.075B cash + 3.84M ITT shares) from Lone Star Funds.
SPX FLOW generated $1.3B revenue, >21% EBITDA margin, 43% aftermarket sales in TTM.
ITT expects $80M cost synergies by year three and adjusted EPS accretion in 2026.
Transaction expected to close by end of Q1 2026, subject to regulatory approvals.
Board appoints Nazzic Keene as non-executive Chair after May 2026 annual meeting.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ITT INC. entered into Membership Interest Purchase Agreement with LSF11 Redwood Parent, L.P. and LSF11 Redwood TopCo LLC valued at $4.775 billion (effective 2025-12-04).

Action: entry
Agreement: merger
Counterparty: LSF11 Redwood Parent, L.P. and LSF11 Redwood TopCo LLC
Value: $4.775 billion
Effective: 2025-12-04

Exact text from the filing

On December 4, 2025, ITT Inc., an Indiana corporation (“ITT”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) by and among ITT, LSF11 Redwood Parent, L.P. (the “Seller”), LSF11 Redwood TopCo LLC (the “Target”) and ITT Industries Holdings, Inc., a Delaware corporation and wholly owned subsidiary of ITT (the “Buyer”).

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ITT INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-308605

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