ESCO Technologies to acquire signature management & power business from Advent-backed Ultra Maritime for $550m.

ESCO Technologies, a provider of highly engineered products and solutions serving diverse end-markets, agreed to acquire signature management & power business, a provider of mission-critical signature and power management solutions for submarines, from Advent-backed Ultra Maritime, a provider of application-engineered solutions in the key elements of mission critical & intelligent systems, for $550m. “I’m excited to welcome the outstanding management team and dedicated employees of Signature Management & Power to ESCO. Their product offerings complement our existing submarine and defense-related platforms, providing increased content on domestic naval programs and expansion into international defense markets for our A&D segment," Bryan Sayler, ESCO President and CEO.