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Parker Hannifin has agreed to acquire the Commercial and Defense Aerospace business of CIRCOR International for a cash purchase price of $2.55 billion, with closing expected in the second half of 2026. The unit projects about $270 million in 2026 sales.
Columbus McKinnon agreed to acquire Kito Crosby Limited from funds managed by KKR in an all-cash deal valued at $2.7 billion, expected to close later in 2025 subject to regulatory approvals.
KKR has sent deal books for the sale of Circor International's DeltaValve subsidiary, a Sandy, Utah maker of coke drum unheading valves, with first-round bids expected in May; the business is marketed on $11 million of EBITDA, according to sources.
Dan Daniel, a KKR Executive Advisor and former Danaher executive, becomes Chair of CIRCOR International as the KKR transaction closes. The change was announced on 2023-10-18.
Investment affiliates of KKR completed their acquisition of CIRCOR International at $56.00 per share, and CIRCOR stock stopped trading on the NYSE. The completion was announced on 2023-10-18.
Private equity firm KKR is set to acquire Circor International, a global pump-and-valve manufacturer, for about $1.7 billion or $56 per share, after outbidding a rival offer from Arcline. The deal is expected to close in Q4 2023, pending regulatory approvals.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
KKR has agreed to acquire Flow Control Group, a Charlotte, North Carolina distributor of flow control and industrial automation products, from Bertram Capital. Financial terms were not disclosed.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Private equity firms Advent International and KKR have made offers reported at around Rs 3,000 crore ($400-500 million) to buy 100% of L&T Valves from Larsen & Toubro, though no deal has been agreed.
