KKR

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.

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.