Deal Details
KDG Sold to Motion
Summary
Kaman Distribution Group ("KDG"), a portfolio company of Littlejohn & Co., LLC (“Littlejohn”), was recently acquired by Motion Industries, Inc. ("Motion"), a wholly owned subsidiary of Genuine Parts Company ("GPC" or the “Company”) (NYSE: GPC), for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022.
Baird served as the exclusive financial advisor to Kaman Distribution Group on this transaction.
About
KDG is a leading national distributor of highly engineered products and provider of related services with approximately 220 locations across the United States and Puerto Rico. Established in 1971, KDG’s technical salesforce has been servicing its customers for over 50 years, providing components and systems for a broad range of applications, along with value-added automation, engineering and integration services. KDG is headquartered in Bloomfield, Connecticut.Littlejohn is an investment firm focused on private equity and debt investments primarily in middle-market companies. With approximately $14 billion of regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. Littlejohn is headquartered in Greenwich, Connecticut.
Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts. Founded in 1928, the Company serves its customers from an extensive network of more than 10,000 locations in 15 countries, with 2020 revenues of $16.5 billion.
Motion is a wholly owned subsidiary of GPC and a leading provider of more than 10 million industrial products and complementary engineering, fabrication and repair services. Motion serves more than 170,000 customers globally across a variety of industries. Motion is headquartered in Birmingham, Alabama.
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- Date
- January 2022
- Company
- Kaman Distribution Group
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Distribution
- Target Geography
- North America
- Acquiror Geography
- North America
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