An affiliate of Littlejohn & Co is to sell Kaman Distribution Group (KDG), a distributor of highly engineered products and provider of related services, to Motion Industries, Inc. (Motion), a subsidiary of Genuine Parts Company, for USD1.3 billion in cash.
KDG is a technical solutions platform, providing highly customised products and services to the North American bearings and power transmission, automation and fluid power markets. Littlejohn acquired KDG from its former parent, Kaman Corporation, in August 2019.
Read more/Source: Private Equity Wire
