Item 8.01. Other Events. As previously disclosed in a Current Report on Form 8-K filed on December 5, 2025, on December 4, 2025, ITT Inc., an Indiana corporation (“ITT”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) by and among ITT, LSF11 Redwood Parent, L.P.…
Filed Dec 8, 2025Accepted Dec 8, 2025, 6:55 AM ESTCIK 216228Accession 0001193125-25-310541
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.
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Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
As previously disclosed in a Current Report on Form 8-K filed on December 5, 2025, on December 4, 2025, ITT Inc., an Indiana corporation (“ITT”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) by and among ITT, LSF11 Redwood Parent, L.P. (the “Seller”), LSF11 Redwood TopCo LLC (the “Target”) and ITT Industries Holdings, Inc., a Delaware corporation and wholly owned subsidiary of ITT (the “Buyer”), pursuant to which the Buyer will purchase 100% of the membership interests of the Target (the “Acquisition”). The completion of the Acquisition is subject to and dependent upon customary closing conditions, including the receipt of certain U.S. and foreign governmental and regulatory approvals, including receipt of requisite approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. As a result, ITT cannot provide assurance that the Acquisition will be consummated or, if consummated, that it will be consummated within the timeframe or on the terms and with the anticipated benefits that ITT currently expects.
This Current Report on Form 8-K is being filed to provide (i) the audited consolidated financial statements of the Target as of and for the years ended December 31, 2024 and 2023, (ii) the unaudited condensed consolidated interim financial statements of the Target as of September 27, 2025 and for the nine months ended September 27, 2025 and September 28, 2024, (iii) the unaudited pro forma combined condensed financial statements for ITT and the Target, in each case as described below, and (iv) the consent of Deloitte & Touche LLP, the Target’s independent auditor. This Current Report on Form 8-K does not modify or update the consolidated financial statements of ITT included in ITT’s Annual Report on Form 10-K for the year ended December 31, 2024 or in ITT’s Quarterly Report on Form 10-Q for the quarterly period ended September 27, 2025, nor does it reflect any subsequent information or events.
The historical audited consolidated balance sheets of the Target and the related consolidated statements of operations and comprehensive income (loss), equity and cash flows as of and for each of the years ended December 31, 2024 and 2023, together with the notes thereto and the independent auditor’s report thereon, are filed as Exhibit 99.1 to this Current Report on Form 8-K and are incorporated herein by reference.
The historical unaudited condensed consolidated balance sheet of the Target as of September 27, 2025 and the related unaudited condensed consolidated statements of operations and comprehensive income (loss), equity and cash flows of the Target for the nine-month periods ended September 27, 2025 and September 28, 2024, together with the notes thereto, are filed as Exhibit 99.2 to this Current Report on Form 8-K and are incorporated herein by reference.
The unaudited pro forma combined condensed balance sheet for ITT and the Target as of September 27, 2025 and the unaudited pro forma combined condensed statements of operations for ITT and the Target for the nine months ended September 27, 2025 and September 28, 2024 and the year ended December 31, 2024, together with the notes thereto, are filed as Exhibit 99.3 to this Current Report on Form 8-K and are incorporated herein by reference. The unaudited pro forma combined condensed financial information included in this Current Report on Form 8-K has been presented for informational purposes only. It does not purport to represent the actual results of operations that ITT and the Target would have achieved had the companies been combined during the periods presented in the pro forma combined condensed financial information and is not intended to project the future results of operations that the combined company may achieve after the Acquisition is consummated.
The consent of Deloitte & Touche LLP is filed as Exhibit 23.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Filed exhibits (2)
EX-99.1 (by filename) d65651dex991.htm
EX-99.1
3
d65651dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
LSF11 Redwood TopCo LLC
Consolidated Financial Statements
as of and for the Years Ended
December 31, 2024 and 2023
1
LSF11 Redwood Topco LLC and Subsidiaries’ Consolidated Financial
Statements
Independent Auditor’s Report 3
Consolidated Statements of Operations and Comprehensive Loss for the Years Ended 5
December 31, 2024 and 2023
Consolidated Balance Sheets as of December 31, 2024 and 6
2023
Consolidated Statements of Equity for the Years Ended December 7
31, 2024 and 2023
Consolidated Statements of Cash Flows for the Years Ended December 8
31, 2024 and 2023
Notes to Consolidated Financial Statements 10
Note 1 - Summary of Significant Accounting Policies 10
Note 2 - Use of Estimates 17
Note 3 - New Accounting Pronouncements 18
Note 4 - Business Disposals …
EX-99.2
4
d65651dex992.htm
EX-99.2
EX-99.2
Exhibit 99.2
LSF11 Redwood TopCo LLC
Condensed Consolidated Financial Statements
as of September 27, 2025 and December 31, 2024
and for the Nine Months Ended September 27, 2025
and September 28, 2024
UNAUDITED
1
LSF11 Redwood Topco LLC and Subsidiaries’ Condensed Consolidated Financial Statements
(Unaudited)
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Nine Months 3
Ended September 27, 2025 and September 28, 2024 (Unaudited)
Condensed Consolidated Balance Sheets as of September 4
27, 2025 and December 31, 2024 (Unaudited)
Condensed Consolidated Statements of Equity for the Nine Months Ended September 27, 5
2025 and September 28, 2024 (Unaudited)
Condensed Consolidated Statements of Cash Flows for the Nine Months ended September 27, 6
2025 and September 28, 2024 (Unaudited)
Notes to Condensed Consolidated Financial Statements 7
Note 1 - Basis of Presentation …