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Business/Financial

Arcline Investment To Take Kaman Private For $1.8 Billion

By Cal Biesecker

Friday, January 19th, 2024

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Arcline Investment To Take Kaman Private For $1.8 Billion

Kaman Corp.'s KARGO UAV unmanned aircraft system for medium lift. (Image: Kaman)

Kaman Corp. [KAMN] last Friday said it has agreed to be acquired by the private equity firm Arcline Investment Management for $1.8 billion in cash, taking the nearly 80-year-old aerospace company private once the transaction closes, which is expected in the first half of 2024. Arcline is paying $46 per share for Kaman’s stock, a 105 percent premium above the company’s closing price last Thursday. The deal has been approved by Kaman’s board and must still receive approvals from regulators…

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