Kaman Sale Finalized
By Mike Brezonick27 August 2019
Kaman Distribution announced that its pending sale to affiliates of Littlejohn & Co., LLC (Littlejohn) has been finalized. No financial details were provided.
Following the completion of the transaction, Kaman Distribution will continue to service customers under its three platforms: Fluid Power, Industrial Technologies and Automation.
“Kaman Distribution is looking forward to being a part of Littlejohn with their proven track record of building and growing businesses like ours,” said Al Lariviere, president of Kaman Distribution Group. “They are prepared to continue to invest in the business to accelerate our growth and further enhance KDG’s ability to support our customers.”
Kaman Distribution is a distributor of more than six million items including electro-mechanical, bearings, power transmission, motion control and fluid power components. In addition, the business provides engineering, design and support for hydraulic and pneumatic systems, automation, electrical, linear and delivers belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management. With more than 220 locations across the U.S. and Puerto Rico, the company’s 2200 employees generated $1.1 billion in net revenue in 2018.