May. 21 at 3:50 PM
$PH to aquire Circor Aerospace business for
$2.55B cash from
$KKR
KKR acquired full CIRCOR International in 2023 for
$1.6B–
$1.8B (including debt) & is retaining the Industrial & Naval businesses. This carves out & sells the high-margin Aerospace segment
The transaction strengthens Parker’s aerospace portfolio w/ CIRCOR’s fluid control, pneumatic, electromechanical, & actuation products
No major issues or competing bids have been reported publicly
Expected to close in 2H26 subject to regulatory approvals & customary conditions
$GS & Evercore advised KKR & CIRCOR