Finance, Taxes, Insurance
Arcline Adding Kaman to Growing Aerospace Portfolio
The acquisition is subject to shareholder and regulatory approvals
Kaman K-Max helicopter
The intermeshing rotor blades on Kaman's K-Max helicopter eliminate the need for a tail rotor.

Helicopter and aerospace component manufacturer Kaman has agreed to be acquired by private equity firm Arcline Investment Management. The transaction is expected to be closed in the first half of 2024 following shareholder and regulatory approvals. Publicly held Kaman’s stock traded in the $22 range prior to the announcement that Arcline will pay $46.00 per share in an all-cash transaction worth about $1.8 billion.

Kaman was founded in 1945 by Charles Kaman and still supports the SH-2G Super Seasprite maritime helicopter and K-Max intermeshing-rotor helicopter. Its most recent program is the Kargo uncrewed aerial system, a turbine-engine-powered cargo delivery aircraft. The company also specializes in aircraft bearings, wheels and brakes, metal and composite aerostructures, aircraft electronics and components, and defense products.