Please do not leave this page until complete. This can take a few moments.
Bloomfield aeroparts maker Kaman Corp. says it finalized its $700 million cash sale of its distribution segment to Greenwich investor Littlejohn & Co.
Kaman and Littlejohn announced June 26 that Kaman was selling operations that generated some $1.1 billion in 2018 revenue, including 2,000 workers worldwide.
The unit distributes more than six million items, including electro-mechanical parts, bearings, power transmission, motion control and electrical and fluid power components, and provides other assembly and repair services, to customers in various industries.
Kaman Chairman and CEO Neal J. Keating said the sale “marks a return to Kaman’s roots as a highly focused aerospace and engineered products company."
Kaman has said it will apply proceeds to pay down outstanding debt; accelerate research and development; pursue strategic purchases focused on engineered-product markets; and continue returning capital to shareholders.
CORRECTION: An earlier version had an incorrect count of workers in the sold distribution unit.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments