Kaman Corporation Acquires Parker-Hannifin's Aircraft Wheel & Brake Division for $440 Million

Parker-Hannifin Acquires Meggitt for £6.3 Billion

August 2, 2021

Aerospace & Defense

Parker-Hannifin announced it has reached terms for a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt. The deal is valued at £6.3 billion and is subject to regulatory clearances and Meggitt shareholder approval.

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.

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.

Arcline Investment Management Acquires Kaman for About $1.8 Billion

January 19, 2024

Industrial Services

Arcline Investment Management, L.P., a growth-oriented private equity firm, agreed to acquire Kaman Corporation in an all-cash transaction valued at approximately $1.8 billion. Under the terms of the deal, Kaman shareholders receive $46.00 per share, and Kaman will become a privately held company. The acquisition was completed in 2024, with Kaman stock delisted from the New York Stock Exchange.

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.