Ravi Purushotham~~William Russell, Jr.~~Andrew Purcell~~Andrew Blau
January 24, 2026
ITT Sells InTelCo Management to Delticus

1 min
AI-made summary
- Simpson Thacher advised ITT Inc
- in the sale of its wholly owned subsidiary, InTelCo Management LLC, to a subsidiary of Delticus HoldCo, L.P
- InTelCo holds asbestos and other liabilities, along with related insurance assets
- Delticus specializes in acquiring and managing long-tail legacy corporate liabilities and is a portfolio company of Warburg Pincus
- The transaction involved legal teams from multiple practice areas at Simpson Thacher.
Simpson Thacher represented ITT Inc. (NYSE: ITT) in its sale of InTelCo Management LLC, a wholly owned subsidiary of ITT that holds asbestos and certain other liabilities and related insurance assets, to a wholly-owned subsidiary of Delticus HoldCo, L.P.~~ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets.~~Delticus is a leading institutionally capitalized corporate liability consolidation vehicle, focused on acquiring and managing long-tail legacy corporate liabilities of various forms. Delticus offers holders of various forms of corporate liabilities a full risk transfer through an outright corporate sale. Delticus is a portfolio company of Warburg Pincus, a leading global private equity firm.~~The Simpson Thacher team includes Ravi Purushotham and Rex Hupy (M&A); Jamie Fell (Corporate Restructuring); William Russell (Litigation); Drew Purcell and Nicole Humphrey (Tax); and Andrew Blau (ECEB). Summer Associate Lauren Smith provided valuable assistance.
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Ravi Purushotham~~William Russell, Jr.~~Andrew Purcell~~Andrew Blau
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