Motion Industries, Inc. has completed its purchase of Kaman Distribution Group for approximately $1.3 billion in cash. The deal was finalized Monday.

Genuine Parts Company last month agreed to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc.

The addition of KDG is expected to significantly boost Motion’s concentration in core industrial products and services, as well as in the growing technical and automation arenas, including precision engineering, Motion said.

“It’s a very exciting time; this transformative move will be highly beneficial to everyone involved, especially for customers of our combined entities,” said Motion President Randy Breaux. “Our customer service will be the best it’s ever been with deepened and expanded capabilities. In addition, KDG shares many of our same cultural beliefs, principles and ambitions, including our commitment to providing superior service and value to our customers. We look forward to welcoming the highly talented KDG associates to the Motion team.”

Kaman Distribution Group was formerly a business unit of Kaman Corporation, which sold it to private investment firm Littlejohn & Co. in 2019 for $700 million.

The deal now combines the No. 1 and No. 3 competitors in the fluid power sector, according to MDM’s Top Distributors list, with an expected add to Motion’s 2022 revenues of $1.1 billion. Motion estimates their 2022 revenue to be about $6.7 billion, with a 10% EBITDA margin of $670 million.