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Announced

Completed

Kaman completed the acquisition of the aircraft wheel & brake division of Parker-Hannifin for $440m.

Financials

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Transaction Value£352m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA14x
Share Price Premium-
One Off Charge-

Tags

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aircraft components

Private

Acquisition

Domestic

Machinery: Industrial

Single Bidder

United States

Majority

Friendly

Completed

Synopsis

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Kaman, an aerospace company, completed the acquisition of the aircraft wheel & brake division of Parker-Hannifin, a motion-control company, for $440m. “We are executing on our strategic priority of growing through accretive M&A, by expanding our Engineered Products segment by adding capabilities in markets that we know well. The complementary acquisition of Aircraft Wheel & Brake will advance this strategy by expanding the breadth of our product offerings, increasing our exposure to attractive markets, and driving meaningful near-term margin and cash flow accretion. We are excited to add the experienced Aircraft Wheel & Brake management team to our organization while utilizing their leading proprietary technology and strong customer relationships,” Ian Walsh, Kaman Chairman, President and CEO.

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