Littlejohn & Co completed the acquisition of Kaman's Distribution Segment for $700m.

Littlejohn, a Greenwich, Connecticut-based investment firm, completed the acquisition of the Distribution Segment from Kaman, an American aerospace company, for $700m. “For Kaman this transaction represents an important milestone in our portfolio transformation and the culmination of a thorough strategic review undertaken by our Board of Directors. Our strengthened balance sheet will better position the Company to invest in and build our higher margin, higher growth aerospace and engineered products businesses to enhance shareholder value,” Neal J. Keating, Kaman Chairman, President and CEO.