Sale of Kaman’s Distribution Segment to Littlejohn & Co.

Industrial
Sale of Kaman’s Distribution Segment to Littlejohn & Co.

Summary

Baird served as lead financial advisor to Kaman Corporation on this transaction

About

Kaman Corporation (“Kaman”) (NYSE:KAMN) recently completed the sale of its Distribution Segment to Littlejohn & Co. (“Littlejohn”) for approximately $700 million.

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, is now comprised of three aerospace groups including Aerosystems, Fuzing & Precision Products and Specialty Bearings & Engineered Products. Together, these platforms provide quality service to customers across diverse commercial and military sectors. Kaman is headquartered in Bloomfield, Connecticut.

Kaman’s Distribution Segment is a leading distributor of more than six million items including electro-mechanical, bearings, power transmission, motion control and electrical and fluid power components, as well as automation and MRO supplies, to customers in virtually every industry. The business also provides engineering, design, support and other services. With approximately 220 locations across the United States and Puerto Rico, the Distribution Segment generated $1.1 billion in net revenue in 2018.

Littlejohn & Co. is an investment firm focused on private equity and debt investments primarily in middle market companies. With approximately $10.9 billion in regulatory assets under management, Littlejohn seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. Littlejohn is headquartered in Greenwich, Connecticut.
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Industrial
Sale of Kaman’s Distribution Segment to Littlejohn & Co.
Date
August 2019
Company
Kaman Corporation
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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