Philpott Ball & Werner (“PB&W”) is a private investment banking company that specializes in advising middle market companies. We assist management groups, boards of directors, shareholders and legal advisors of corporations in implementing strategies which enhance or preserve shareholder value and increase shareholder liquidity. PB&W’s services include Company Sales, Subsidiary Divestitures, Mergers, Acquisition Advisory, Fairness Opinions, Business Valuations and Strategic Alternative Studies. We have offices in Boston, Massachusetts and Charlotte, North Carolina.
The Timken Company (NYSE: TKR) has divested its subsidiary company Timken Alcor Aerospace Technologies, Inc. (“TAAT”) to Kaman Corporation (NYSE: KAMN). Headquartered in Mesa, Arizona, TAAT is a designer and supplier of aftermarket parts for fixed wing aircraft and helicopters and sells to support businesses conducting maintenance, repair, and overhauls in the aerospace market. TAAT will become part of the Specialty Bearings & Engineered Products division of Kaman Aerospace Group.
Important factors in Kaman’s decision to acquire TAAT from Timken include organic growth opportunities, the robust quality system, engineering expertise, and strong relationships with engine MROs and fleet operators. Kaman expects TAAT to achieve further growth through Kaman’s strong global sales channels.