Updated:
ITT Inc.
ITT Industries is a corporate investor based in White Plains, US. It manages approximately $4.9 billion in assets, primarily focused on North America.
ITT Inc.
ITT Industries is a corporate investor based in White Plains, US. It manages approximately $4.9 billion in assets, primarily focused on North America.
General information
Firm type
Corporate Investor
Year founded
1920
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Stamford
Corporate office
100 Washington Boulevard, Stamford, CT 06902, United States
Additional offices
Herndon, VA, United States · Prague, Czech Republic
Principals
Luca Savi
CEO and President
Rand Araskog
Former Chairman and CEO
Sector focus
Frequently asked questions
Who runs ITT's capital allocation and M&A decisions?
CEO Luca Savi oversees capital allocation strategy. Savi was promoted from CFO to CEO in 2018. The firm executes acquisitions through its corporate development team operating from the Stamford headquarters.
How is ITT related to the original International Telephone & Telegraph?
ITT Inc. is a direct corporate descendant but an entirely different business. Harold Geneen built the original ITT into the quintessential conglomerate between 1959 and 1977. The company was split into three separate public entities in 1995, with the industrial manufacturing division retaining the ITT name and legacy. The telecom and hospitality businesses were spun into separate companies.
What type of acquisitions does ITT pursue?
ITT focuses on bolt-on acquisitions that strengthen its existing Industrial Process, Motion Technologies, and Connect & Control Technologies divisions. The firm targets niche manufacturers with proprietary engineering capabilities and strong aftermarket revenue streams. Sectors include fluid handling, specialty connectors, and friction materials.
Does ITT operate like a family office or a strategic corporate acquirer?
ITT is a publicly traded strategic acquirer, not a family office. However, former Chairman and CEO Rand Araskog maintained a separate private family office, RVA Investments, which co-invested alongside the firm historically. The two are now entirely distinct entities with separate capital and governance.
Where does ITT's capital for acquisitions come from?
ITT funds acquisitions from its corporate balance sheet and free cash flow generated by its operating divisions. As a public company, it can also issue equity or debt as needed. The firm prioritizes target companies with high recurring aftermarket revenue and mission-critical engineered component positions.
What geographic regions does ITT target for acquisitions?
ITT looks globally but focuses on North America and Europe for industrial acquisitions. The 2021 purchase of Habonim in Israel demonstrates willingness to extend into specialized industrial clusters that fit the existing valve and control business. The Motion Technologies division is heavily weighted toward European automotive OEMs.
Does ITT maintain any philanthropic or investment structures beyond its core industrial operations?
ITT operates a matching-gift program for employee charitable contributions, but does not maintain a separate foundation. Unlike the family-office structures of its former leaders, the public company's capital is directed solely toward industrial operations and shareholder returns.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: