Kaman Mergers and Acquisitions Summary

AerospaceCompany

Kaman has acquired 20 companies, including 2 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 4 assets.

Kaman’s largest acquisition to date was in 2022, when it acquired Parker-Hannifin Aircraft Wheel & Brake Division for $440M. It’s largest disclosed sale occurred in 2019, when it sold Kaman Industrial Technologies to Littlejohn for $700M. Kaman has acquired in 12 different US states, and 5 countries. The Company’s most targeted sectors include distribution (53%) and aerospace (22%).

Join Mergr and gain access to Kaman’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the aerospace sector.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity19
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 11
  • M&A Advisors 5

Kaman

Kaman Corp.

1332 Blue Hills Avenue,
Bloomfield, Connecticut 06002
United States,
(860) 243-7100
www.kaman.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 17 1 - - 1 - 19
vol $124M $330M $440M $894M
Sell (0.2/yr) # 3 1 - - - - 4
vol $252M $700M $952M
  23

Most Recent M&A

Company Date Value Type
Parker-Hannifin Aircraft Wheel & Brake Division 2022-05-23 440M USD Divestiture
Avon, Ohio
Bal Seal Engineering, Inc. 2019-11-05 330M USD Add-on Acquisition
Foothill Ranch, California · www.balseal.com
Kaman Industrial Technologies Corp. 2019-06-26 700M USD Divestiture
Bloomfield, Connecticut · ec.kamandirect.com
Gebr. Reinfurt GmbH & Co. KG (dba GRW Bearing) 2015-11-09 - Add-on Acquisition
Rimpar, Germany · www.grw.de
Timken Alcor Aerospace Technologies, Inc. 2015-10-21 - Divestiture
Mesa, Arizona
G.C. Fabrication, Inc. 2015-02-02 - Add-on Acquisition
Northvale, New Jersey · www.gcf-inc.com
Delamac de Mexico, S.A. de C.V. 2014-12-22 - Divestiture
Mexico City, Mexico · www.delamac.com.mx
Zeller Corporation 2012-08-13 - Add-on Acquisition
Rochester, New York
Florida Bearings, Inc. 2012-07-05 - Add-on Acquisition
Miami, Florida · www.floridabearings.com
Catching FluidPower, Inc. 2011-12-19 - Add-on Acquisition
Bolingbrook, Illinois · www.catching.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 10 (53%) 39M (4%) 2 (50%) 700M (74%)
Aerospace 4 (21%) 525M (59%) - -
Manufacturing 3 (16%) 330M (37%) - -
Engineering 1 (5%) - - -
Plastics 1 (5%) - - -
Consumer Products - - 1 (25%) 117M (12%)
Information Technology - - 1 (25%) 135M (14%)
Total 19 $894M 4 $952M

By Geo

State/Country Buy Value Sell Value
United States 13 809M 3 952M
  California 2 369M - -
  Connecticut - - 2 817M
  Washington 1 - - -
  Vermont 1 - - -
  Texas 1 - - -
  Ohio 1 440M - -
  New York 1 - - -
  New Jersey 1 - - -
  Massachusetts 1 - - -
  Kansas 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
  Arizona 1 - - -
  Colorado - - 1 135M
Mexico 2 - 1 -
Germany 2 - - -
Puerto Rico 1 - - -
United Kingdom 1 85M - -
Domestic 13 (68%) 809M (90%) 3 (75%) 952M (100%)
Cross-border 6 (32%) 85M (10%) 1 (25%) -
Total 19 $894M 4 $952M

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
3
Robert W. Baird & Co., Inc.
1
Legal Deals
K&L Gates LLP
2
Skadden, Arps, Slate, Meagher & Flom LLP
1
Crowell & Moring LLP
1

Deal Values

buy # Total
$100M to $1B 2 $770M
< $100M 2 $124M
TOTAL $894M
Largest Parker-Hannifin Aircraft Wheel & Brake Division
$440M (2022-05-23)
sell # Total
$100M to $1B 3 $952M
TOTAL $952M
Largest Kaman Industrial Technologies Corp.
$700M (2019-06-26)

M&A Connections

Deals
Acquired from
Investor(s)
21%
4 (21%)
Strategic(s)
11%
2 (11%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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