# KKR to buy industrial valve maker Circor for $1.6B

KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.

- Type: Acquisition
- Announced: 2023-06-05
- Where: United States
- Value: $1.60B
- Status: announced
- Products: pumps, valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CIRCOR International](https://endata.com/companies/2122.md) (target)
- [Circor](https://endata.com/companies/2622.md) (target)
- [Arcline Investment Management](https://endata.com/companies/5302.md) (partner)
- [KKR & Co](https://endata.com/companies/7617.md) (acquirer)

## Sources

- [law360.com](https://www.law360.com/articles/1684602/kkr-to-buy-industrial-valve-maker-circor-for-1-6b), 2023-06-05: "Kirkland & Ellis LLP-led private equity giant KKR said Monday it has agreed to buy pump and valve maker Circor, advised by Ropes & Gray LLP, in a deal worth $1.6 billion, including debt."
- [reuters.com](https://www.reuters.com/markets/deals/kkr-buy-machinery-maker-circor-16-bln-deal-2023-06-05/), 2023-06-05: "KKR & Co Inc said on Monday it will buy industrial machinery maker Circor International Inc in a $1.6-billion deal and take it private"
- [finance.yahoo.com](https://finance.yahoo.com/news/kkr-agrees-buy-industrial-machinery-153600458.html), 2023-06-06: "KKR has agreed to buy Circor International, an industrial machinery maker, for $1.6 billion."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2023-06-27/kkr-to-acquire-circor-in-1-7-billion-deal-after-boosting-offer), 2023-06-27: "KKR increased the all-cash price of its previously announced merger agreement to $51 a share from $49"
- [businesswire.com](https://www.businesswire.com/news/home/20230628041690/en/KKR-Reaffirms-Intention-to-Acquire-CIRCOR-International), 2023-06-28: "KKR is confident that its transaction to acquire CIRCOR maximizes shareholder value while minimizing regulatory, market, and industry risks."
- [defenseone.com](https://www.defenseone.com/business/2023/06/pending-sale-raises-fears-consolidation-among-submarine-suppliers/388149/), 2023-06-30: "Late Thursday, Circor said it had entered a definitive agreement with KKR, now for a higher $56 per share."
- [cpecn.com](https://www.cpecn.com/tag/acquisition/), 2024-02-15: "Flow control specialist CIRCOR agrees to be acquired by KKR for US$1.6 Billion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.