itt corp (ITT:New York)
Transactions by ITT CORP (ITT) in the last 6 months
SLMTI DS LLC acquired substantially all assets of ITT Torque Systems, Inc. from ITT Corporation (NYSE:ITT) for $9 million in cash on May 22, 2015. The consideration is subject to a post-closing working capital adjustment. The transaction includes assets associated with the business of ITT Torque Systems including real property in Massachusetts and accounts receivable. SLMTI DS also assumed certain liabilities of ITT Torque Systems related to accounts payable, warranty ...
ITT Corporation (NYSE:ITT) acquired Hartzell Aerospace from Tailwind Technologies Inc. for $53.1 million, net of cash acquired, on April 1, 2015. Under the terms, ITT Corporation funded the acquisition through additional commercial paper borrowings. Hartzell Aerospace reported revenues of $34 million in 2014. Transaction has an EBITDA multiple of 8.5 times. Lincoln International LLC acted as financial advisor to Tailwind Technologies Inc. and Hartzell Aerospace. Jan ...
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