Kaman Corporation Acquires Parker-Hannifin Aircraft Wheel & Brake Division

Gorilla Commercial Vehicle Holdings Acquires Gorilla Brake Holdings

July 30, 2019

Manufacturing

Gorilla Commercial Vehicle Holdings, Inc. has acquired Gorilla Brake Holdings, a Brantford, Ontario–based remanufacturer of heavy-truck brake shoes and friction components. The deal brings together Gorilla’s remanufacturing and aftermarket distribution footprint with the buyer’s engineering, design and manufacturing capabilities to expand product offerings (including air disk brake services) and broaden reach in the heavy-duty truck market.

GA Telesis Acquires AAR Landing Gear Overhaul and Wheels & Brakes Business

April 7, 2025

Transportation

GA Telesis, LLC has completed the acquisition of AAR CORP.'s Landing Gear Overhaul business and Wheels & Brakes unit in a $51 million divestiture. The operations will be integrated into GA Telesis' MRO Services Division and rebranded as GA Telesis Landing Gear Services, expanding the company's landing gear MRO capabilities and adding HVOF coating technology.

Parker Hannifin Acquires Exotic Metals Forming Company

September 16, 2019

Aerospace & Defense

Parker Hannifin Corporation completed the cash acquisition of Exotic Metals Forming Company LLC for $1.725 billion. The purchase brings Exotic's high-temperature, high-pressure air and exhaust management and complex engine turbine hot-section assemblies into Parker's Aerospace group to expand Parker's engine and aircraft systems capabilities.

SK Capital Acquires Parker Hannifin's North America Composites & Fuel Containment Division (renamed Axillon Aerospace)

July 30, 2024

Aerospace & Defense

SK Capital Partners has signed a definitive agreement to acquire the North America Composites & Fuel Containment (CFC) Division of Parker Hannifin and completed the acquisition, renaming the business Axillon Aerospace. The division is a leading producer of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace, generating about $350 million in annual sales, operating six North American manufacturing sites, and employing ~1,700 people.

Arcline Acquires Kaman Corporation for $1.8 Billion

January 19, 2024

Manufacturing

Arcline Investment Management has completed an all-cash acquisition of Kaman Corporation for a total enterprise value of approximately $1.8 billion, with Kaman shareholders receiving $46.00 per share. The transaction takes Kaman private and is intended to accelerate product development and strategic growth initiatives across Kaman's aerospace, industrial and medical businesses.

Hitachi Automotive Systems to Acquire Chassis Brakes International from KPS Capital Partners

June 19, 2019

Automotive

Hitachi Automotive Systems, a subsidiary of Hitachi, Ltd., has agreed to acquire Chassis Brakes International Group from KPS Capital Partners pursuant to a put option agreement. The transaction, which remains subject to works council consultations and customary closing conditions, will transfer a global manufacturer of automotive foundation brakes and components headquartered in Eindhoven, The Netherlands, to Hitachi Automotive.