Kaman Distribution to be acquired by private equity firm
August 27, 2019 by Manufacturing AUTOMATION
August 27, 2019 – Kaman Distribution, an industrial systems and solutions provider, has been sold to affiliates of Littlejohn & Co, a private equity firm.
Kaman Distribution is a distributor of more than six million items including electro-mechanical, bearings, power transmission, motion control and fluid power components, as well as automation and MRO supplies, to customers in virtually every industry.
In addition, the business provides engineering, design and support for automation, electrical, linear, hydraulic and pneumatic systems and delivers belting and rubber fabrication, customized mechanical services, hose assemblies, repair, fluid analysis and motor management.
Following the completion of the transaction, Kaman Distribution will continue to service customers under its three platforms: Automation, Fluid Power and Industrial Technologies.
“Kaman Distribution is looking forward to being a part of Littlejohn with their proven track record of building and growing businesses like ours,” says 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. I am excited for the future of the business and the associated opportunities it will bring to our employees.”
With over 220 locations across the U.S. and Puerto Rico, Kaman Distribution’s 2,200 employees generated $1.1 billion in net revenue in 2018.