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Parker Hannifin acquires KKR's CIRCOR aerospace unit for $2.55 billion

economy-finance · 2026-05-21

Parker Hannifin has agreed to buy CIRCOR International's aerospace business from KKR for $2.55 billion. KKR will retain CIRCOR's naval and industrial divisions. The transaction is expected to close in the second half of 2026.

Key facts

  • Parker Hannifin is acquiring CIRCOR's aerospace unit from KKR.
  • The purchase price is $2.55 billion.
  • KKR will keep CIRCOR's naval and industrial businesses.
  • The deal is expected to close in the second half of 2026.

Entities

Institutions

  • Parker Hannifin
  • KKR
  • CIRCOR International

Sources