M&A Deal Summary

Fender Acquires Kaman Music

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

Acquisition Highlights
  • This is Fender’s 1st transaction in the Consumer Products sector.
  • This is Fender’s largest (disclosed) transaction.
  • This is Fender’s 1st transaction in the United States.
  • This is Fender’s 1st transaction in Connecticut.
Investment Fate
  • Kaman Music was divested to a strategic buyer in 2015.

M&A Deal Summary

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

Target

Kaman Music

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.

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Buyer(S) 1

Buyer

Fender

Los Angeles, California, United States

Category Company
Founded 1946
Sector Consumer 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

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

Bloomfield, Connecticut, United States

Category Company
Founded 1945
Sector Aerospace
Revenue 688M USD (2022)
DESCRIPTION

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.


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

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

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