Court Square Capital Partners-backed Wyle has agreed to acquire CAS from ITT (NYSE: ITT) for $235 million. CAS provides systems engineering and technical assistance services primarily to the U.S. Department of Defense. The acquisition will diversify the customer base of Wyle, which provides high tech systems engineering, testing and IT services. In addition to cash on hand, the transaction will be financed by $20 million from Court Square and committed debt financing from Barclays Capital and JP Morgan Chase. Wyle has been majority-owned by Court Square since a 2009 LBO.