Motion Industries, a subsidiary of Genuine Parts Company (NYSE: GPC), has acquired Kaman Distribution Group, a distributor of highly engineered products and a provider of related services, from Littlejohn & Co., LLC for $1.3 billion in cash.
KDG is a technical services platform that provides customized products and services to bearings and power transmission, automation and fluid power markets. The firm operates across 220 branches while serving 10,000 suppliers and 50,000 customers across the country. The firm also serves a set of end markets including food and beverage, logistics, electronics, heavy machinery, water infrastructure, pulp and paper and healthcare.
“We are proud to have supported KDG’s transformation into a leading industrial distribution platform,” commented Tony Miranda, managing director at Littlejohn. “During our ownership, KDG successfully and seamlessly transitioned into an independent company, strengthened its leadership team by recruiting several experienced industry veterans, and refocused the organization on driving operational excellence and reinvigorating growth.