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M&A Deal Summary

Arcline Investment Management Acquires Kaman

On January 19, 2024, private equity firm Arcline Investment Management acquired aerospace company Kaman for 1.8B USD

Acquisition Highlights
  • This is Arcline Investment Management’s 5th transaction in the Aerospace sector.
  • This is Arcline Investment Management’s 2nd largest (disclosed) transaction.
  • This is Arcline Investment Management’s 24th transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2024-01-19
Target Kaman
Sector Aerospace
Buyer(s) Arcline Investment Management
Deal Type Going Private
Deal Value 1.8B USD
Advisor(s) J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom
Wiggin and Dana (Legal)

Target

Kaman

Bloomfield, Connecticut, United States
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.

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Buyer(S) 1

Buyer

Arcline Investment Management

Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.

DEAL STATS #
Overall 28 of 31
Sector: Aerospace M&A 5 of 6
Type: Going Private M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 24 of 27
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Hartzell Aviation

Piqua, Ohio, United States

Hartzell Aviation designs and manufactures proprietary aircraft subsystems and aftermarket components. The Company operates two complementary business units: Hartzell Propeller and Hartzell Engine Tech. Hartzell Aviation was founded in 1917 and is based in Piqua, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 Voltyx

Nashville, Tennessee, United States

Voltyx provides highly technical, outsourced substation services to a diverse universe of utility, renewable, data center, industrial, and other customers nationwide. Voltyx provides a comprehensive, specialized service offering across transformers, protective relays, and control systems and other related substation apparatus equipment such as breakers, batteries, and switchgear. Voltyx is based in Nashville, Tennessee.

Sell -
Mergr

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