ESCO Technologies Agrees To Acquire Signature Management & Power Business Of Ultra Maritime For Purchase Price Of $550M

The transaction will be funded through cash on hand and incremental debt, with committed financing in place. 

The Business is headquartered in Long Island, New York, operates out of four facilities based in the US and the UK, and has approximately 410 employees.  

Signature Management & Power will become part of ESCO's Aerospace & Defense (A&D) segment and is expected to have approximately $175 million of revenue in calendar year 2024, with Adjusted EBITDA margins in excess of A&D segment margins.