M&A Deal Summary

Kaman Acquires Plastic Fabricating

On December 21, 2001, Kaman acquired plastics company Plastic Fabricating from Harren Equity Partners and H.I.G. Private Equity

Acquisition Highlights
  • This is Kaman’s 1st transaction in the Plastics sector.
  • This is Kaman’s 1st transaction in the United States.
  • This is Kaman’s 1st transaction in Kansas.

M&A Deal Summary

Date 2001-12-21
Target Plastic Fabricating
Sector Plastics
Buyer(s) Kaman
Sellers(s) Harren Equity Partners
H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Plastic Fabricating

Wichita, Kansas, United States
Plastic Fabricating Company, Inc. is a top-tier supplier of custom engineered composites, advanced plastic components and complex assemblies, utilized in aerospace and defense applications.

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Buyer(S) 1

Buyer

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 1 of 19
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 17
State (Kansas) 1 of 1
Country (United States) 1 of 13
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-14 Kaman Sciences

Colorado Springs, Colorado, United States

Kaman Sciences Corporation is a high-technology services company serving a broad range of government agencies.

Sell $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-14 Delamac de Mexico S.A. de C.V.

Mexico City, Mexico

Delamac distributes bearings, power transmission products, lubrication systems, and related parts and accessories from 12 branch locations in Mexico.

Buy -

Seller(S) 2

SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.


DEAL STATS #
Overall 2 of 23
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 10
State (Kansas) 1 of 1
Country (United States) 2 of 23
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Cross Country Healthcare

Boca Raton, Florida, United States

Cross Country Healthcare is a provider of healthcare staffing services including temporary nurse staffing and other human capital management services in contract with approximately 5,000 hospital, pharmaceutical and biotechnology customers throughout all fifty states. Cross Country Healthcare was incorporated in 1986 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-01 Texas DAR Enterprises

Grand Prairie, Texas, United States

Texas DAR Enterprises, Inc. is a manufacturer and installer of automotive restyling accessories, including fiberglass and plastic spoilers, wood grain dash kits and running boards.

Buy -
SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 1 of 175
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 72
State (Kansas) 1 of 1
Country (United States) 1 of 120
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-12 Viasys

Lakeland, Florida, United States

Viasys Corp provider of construction, engineering, and maintenance services to the power distribution and intelligent transportation system sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-14 Amerijet International

Miami, Florida, United States

Amerijet International. is a provider of air cargo and logistics solutions to and from the U.S. and the Caribbean, Mexico, and Latin America. The Company specializes in shipping time-sensitive, perishable, oversized, hazardous, and highly configured products through both regularly scheduled and chartered flights. Amerijet International was founded in 1974 and is based in Miami, Florida.

Buy -