M&A Deal Summary

Fender Musical Instruments Acquires Kaman Music

On October 30, 2007, Fender Musical Instruments Corp. acquired consumer products company Kaman Music Corp. from Kaman Corp. for 117M USD

Acquisition Highlights
  • This is Fender Musical Instruments’ 1st transaction in the Consumer Products sector.
  • This is Fender Musical Instruments’ 1st largest (disclosed) transaction.
  • This is Fender Musical Instruments’ 1st transaction in the United States.
  • This is Fender Musical Instruments’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2007-10-30
Target Kaman Music Corp.
Sector Consumer Products
Buyer(s) Fender Musical Instruments Corp.
Sellers(s) Kaman Corp.
Deal Type Divestiture
Deal Value 117M USD

Target

Kaman Music Corp.

Bloomfield, Connecticut, United States
website
Kaman makes Ovation and Hamer guitars, as well as Gretsch drums, and is the exclusive distributor of Takamine guitars. In all, the company distributes about 20,000 different musical instruments and accessories, from bongos and cymbals to guitar picks and drum racks.

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Buyer(S) 1

Buyer

Fender Musical Instruments Corp.

Los Angeles, California, United States

website


Category Company
Founded 1946
SectorConsumer Products
DESCRIPTION

Fender is a musical instrument manufacturer, marketer, and distributor. Fender whose portfolio of brands includes Fender®, Squier®, Gretsch® guitars, Jackson®, EVH®, and Charvel®–follows a player-centric approach to crafting the highest quality instruments and digital experiences across genres. Fender was founded in 1946 and is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-16 Kaman Music Corp.

Bloomfield, Connecticut, United States

Kaman makes Ovation and Hamer guitars, as well as Gretsch drums, and is the exclusive distributor of Takamine guitars. In all, the company distributes about 20,000 different musical instruments and accessories, from bongos and cymbals to guitar picks and drum racks.

Sell -

Seller(S) 1

SELLER

Kaman Corp.

Bloomfield, Connecticut, United States

website


Category Company
Founded 1945
SectorAerospace
Employees2,846
Revenue 709M USD (2021)
DESCRIPTION

Kaman conducts business in the aerospace and industrial distribution markets. The company produces and/or markets widely used proprietary aircraft bearings and components; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; aerostructure engineering design analysis and FAA certification services; safe and arm solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; and support for the company's SH-2G Super Seasprite maritime helicopters and K-MAX medium-to-heavy lift helicopters. Kaman was founded in 1945 and is based in Bloomfield, Connecticut.


DEAL STATS #
Overall 2 of 4
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 4
State (Connecticut) 1 of 2
Country (United States) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-24 RWG Frankenjura-Industrie Flugwerklager GmbH

Dachsbach, Germany

RWG Frankenjura-Industrie Flugwerklager GmbH is a manufacturer of spherical and ball bearings, rod ends, bushings and specialty components primarily for the aerospace industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-12 Brookhouse Holdings Ltd.

Darwen, United Kingdom

UK Holdings Limited, through its subsidiaries, engages in the design and manufacture of composite aerospace structures, composite tooling, and ground support equipment to the aerospace industry. The company?s products include structures, access panels, and aerostructure assemblies for commercial and military airframes.

Buy $85M