BLOOMFIELD, Connecticut — Kaman Corporation (NYSE:KAMN) announced that its Distribution Segment has executed a definitive agreement to acquire substantially all the operating assets of G.C. Fabrication, Inc. (GCF) of Northvale, New Jersey. The acquisition expands Kaman’s Automation, Control & Energy platform into the New York metro market. The transaction is expected to close later this month.
GCF, founded in 1982, is a premier Schneider Electric/Square D distributor and carries a variety of electrical power, automation, process controls, specialized HVAC, water and wastewater systems, communication and networking devices from a premier set of global manufacturers. GCF had 2014 sales of approximately $20 million and employs 30 people.
Steve Smidler, president of Kaman stated, “We are pleased to expand our strategic relationship with Schneider through the acquisition of GCF. The GCF team has an excellent reputation as an engineering services firm with both its suppliers and customers, and a track record of strong financial performance. Its presence in the New York market compliments our acquistions of Minarik, Target Electronic Supply and Zeller and will allow us to continue to execute our strategies in this market.”
GCF principals Joseph Abbatiello and David Plaut stated, “We are thrilled to be joining up with the Kaman team. The combination offers tremendous growth and expansion opportunities for GCF and our people. Further, our product and market knowledge match well with Kaman’s strategy of engineered value added solutions and technical excellence.”
Kaman Corporation (NYSE:KAMN), founded in 1945 by aviation pioneer Charles H. Kaman, is headquartered in Bloomfield, Connecticut. Kaman conducts business in the aerospace and distribution markets.