Kaman - M&A Summary, Ownership, and Business Overview

AerospaceCompany

Kaman M&A Summary

Kaman has acquired 20 companies of its own, 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%).

Kaman Ownership

Who owns Kaman?

Kaman is owned by Arcline Investment Management. It was acquired on January 19, 2024.

Is Kaman PE-backed?

Yes. Kaman is owned by private equity investor Arcline Investment Management.

Kaman Business Overview

Where is Kaman headquartered?

Kaman is headquartered in Bloomfield, Connecticut.

What is Kaman’s revenue?

Kaman disclosed revenue of 688M USD for 2022 and 709M USD for 2021.

What sector is Kaman in?

Kaman is an aerospace company.

When was Kaman founded?

Kaman was founded in 1945.

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 & defense, industrial, and medical markets. The company produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs, and contacts; wheels, brakes, and related hydraulic components for helicopters, fixed-wing, and UAV aircraft; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S. and allied militaries; subcontract helicopter work; restoration, modification, and support of its SH-2G Super Seasprite maritime helicopters; support of its heavy lift K-MAX manned helicopter; and development of the KARGO UAV unmanned aerial system, a purpose-built autonomous medium lift logistics vehicle. Kaman was formed in 1945 and is based in Bloomfield, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 18 - - 1 - - 19
vol $454M $440M $894M
Sell (0.0/yr) # 4 - - - - - 4
vol $952M $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
  Massachusetts 1 - - -
  Kansas 1 - - -
  Illinois 1 - - -
  Florida 1 - - -
  Arizona 1 - - -
  Washington 1 - - -
  Vermont 1 - - -
  Texas 1 - - -
  Ohio 1 440M - -
  New York 1 - - -
  New Jersey 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
3
Robert W. Baird & Co., Inc.
1
Legal Deals
K&L Gates
2
Skadden, Arps, Slate, Meagher & Flom
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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