M&A Deal Summary

Kaman Acquires Timken Alcor Aerospace Technologies

On October 21, 2015, Kaman acquired aerospace company Timken Alcor Aerospace Technologies from Timken

Acquisition Highlights
  • This is Kaman’s 3rd transaction in the Aerospace sector.
  • This is Kaman’s 11th transaction in the United States.
  • This is Kaman’s 1st transaction in Arizona.

M&A Deal Summary

Date 2015-10-21
Target Timken Alcor Aerospace Technologies
Sector Aerospace
Buyer(s) Kaman
Sellers(s) Timken
Deal Type Divestiture

Target

Timken Alcor Aerospace Technologies

Mesa, Arizona, United States
Timken Alcor Aerospace Technologies, Inc. designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America.

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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 16 of 19
Sector (Aerospace) 3 of 4
Type (Divestiture) 1 of 2
State (Arizona) 1 of 1
Country (United States) 11 of 13
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 G.C. Fabrication

Northvale, New Jersey, United States

GCF, founded in 1982, is a Schneider Electric/Square D distributor and carries a variety of electrical power, automation, process controls, specialized HVAC, water and wastewater systems, communication and networking devices from a premier set of global manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-09 Gebr. Reinfurt KG

Rimpar, Germany

GRW is a designer and manufacturer of custom engineered high precision miniature ball bearing solutions. GRW has a comprehensive product offering of several thousand different variants that are designed to meet specific customer application requirements in the Healthcare, Aviation & Defense, Drive Systems & Analysis and Industrial & Distribution end-markets.

Buy -

Seller(S) 1

SELLER

Timken

North Canton, Ohio, United States

Category Company
Founded 1899
Sector Machinery
Employees19,000
Revenue 4.8B USD (2023)
DESCRIPTION
Entrance to Timken's corporate headquarters in North Canton, Ohio.
Entrance to Timken's corporate headquarters in North Canton, Ohio.

Timken designs, engineers, manufactures and markets Timken bearings, transmissions, gearboxes, chain and related products, and offers a spectrum of power system rebuild and repair services around the world. Timken was founded in 1899 and is based in North Canton, Ohio.


DEAL STATS #
Overall 4 of 6
Sector (Aerospace) 1 of 2
Type (Divestiture) 2 of 4
State (Arizona) 1 of 1
Country (United States) 4 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Carlstar Belts Business

Springfield, Missouri, United States

Carlstar Belts supplies power transmission belts for industrial, commercial and consumer applications primarily in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Lovejoy

Downers Grove, Illinois, United States

Lovejoy, Inc. is a manufacturer of premium industrial couplings and universal joints.

Buy $66M