ITT
Assembly Line
Behrman Capital to Sell Portfolio Company kSARIA to ITT for $475 Million
Behrman Capital, a private equity investment firm based in New York, announced that it has entered into a definitive agreement to sell its portfolio company kSARIA Holdings, a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets, to ITT Inc. (“ITT”, NYSE: ITT) in a transaction valued at approximately $475 million.
Founded in 2000, kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value to the Mil/Aero end market. The Company’s products support applications for avionics, sensors, communications and networking on coveted platforms with defense prime contractors and commercial aerospace leaders. The majority of the Company’s positions are sole or primary source. kSARIA is also the only provider in its space offering a combination of ruggedized fiber optic and electrical solutions with complementary service offerings. kSARIA’s proprietary engineering and manufacturing capabilities in both fiber and electrical interconnect technologies enable it to deliver mission-critical, engineered products which must survive and function in harsh environments.