M&A Deal Summary

Motion Industries Acquires Kaman Distribution

On December 16, 2021, Motion Industries acquired distribution company Kaman Distribution from Littlejohn for 1.3B USD

Acquisition Highlights
  • This is Motion Industries’ 14th transaction in the Distribution sector.
  • This is Motion Industries’ largest (disclosed) transaction.
  • This is Motion Industries’ 16th transaction in the United States.
  • This is Motion Industries’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-12-16
Target Kaman Distribution
Sector Distribution
Buyer(s) Motion Industries
Sellers(s) Littlejohn
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Baird (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Kaman Distribution

Bloomfield, Connecticut, United States
Kaman Distribution is a distributor of more than six million items including automation, motion control, electro-mechanical, bearings, power transmission, fluid power components, as well as MRO supplies, to customers in virtually every industry. Kaman Distribution was founded in 1971 and is based in Bloomfield, Connecticut.

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Buyer(S) 1

Buyer

Motion Industries

Birmingham, Alabama, United States

Category Company
Founded 1946
Sector Distribution
Revenue 4.6B USD (2015)
DESCRIPTION
Motion Industries' corporate headquarters in Birmingham, Alabama.
Motion Industries' corporate headquarters in Birmingham, Alabama.

Motion Industries is an industrial parts distributor of bearings, mechanical power transmission, electrical and industrial automation, hydraulic and industrial hose, hydraulic and pneumatic components, industrial products, safety products, and material handling. Motion Industries has over 550 operations including 15 distribution centers throughout North America and serves more than 150,000 customers from the food and beverage, pulp and paper, iron and steel, chemical, mining and aggregate, petrochemical, automotive, wood and lumber, and pharmaceutical industries. Motion Industries was formed in 1946 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 17 of 17
Sector (Distribution) 14 of 14
Type (Add-on Acquisition) 17 of 17
State (Connecticut) 1 of 1
Country (United States) 16 of 16
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 Hydraulic Supply

Sunrise, Florida, United States

Hydraulic Supply Co. is a full-service fluid power distributor, with a broad product offering of hydraulic, pneumatic and industrial components and systems. Hydraulic Supply Co. was founded in 1947 and is based in Sunrise, Florida.

Buy -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 42 of 48
Sector (Distribution) 6 of 7
Type (Add-on Acquisition) 17 of 22
State (Connecticut) 1 of 1
Country (United States) 38 of 44
Year (2021) 5 of 5
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 AHSG

Edmond, Oklahoma, United States

AHSG is a national and diversified healthcare staffing platform, serving thousands of endpoints across health systems, hospitals, and outpatient clinics in all 50 states. AHSG’s seven divisions span across high growth and resilient segments of healthcare staffing including nursing, allied health, pharmacy, interim leadership, dialysis, non-clinical and technology. AHSG was founded in 2010 and is based in Edmond, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Magnate Worldwide

Portland, Oregon, United States

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.

Buy -