Press Release
K&L Gates Advises Kaman Corporation on $700 Million Sale of Distribution Segment
Charleston - Global law firm K&L Gates LLP served as the lead legal advisor to Kaman Corporation (NYSE: KAMN) on the sale of the company’s distribution segment to affiliates of private equity investment firm Littlejohn & Co., LLC, for total cash consideration of $700 million, excluding certain working capital adjustments.
Kaman is a premier designer and manufacturer of critical components, structures, and systems for commercial, military, and industrial customers through its aerospace business and operates 14 facilities around the world with approximately 3,000 employees.
Corporate/M&A partner Jamie Bruce (Charleston) led the cross-office K&L Gates team that advised Kaman, with other key team members including corporate partners Ernie Cochran (Charleston) and Carty Bibee (Charleston), capital markets partner Mark Johnson (Boston), antitrust partner Allen Bachman (Washington, DC), tax partner Rob Starin (Seattle), antitrust counsel Ken Knox (Washington, DC), and associates Lauren McFadden (Charleston), Eric Jacobi (Washington, DC), and Reed deMent (Charleston).
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
