Circor Aerospace Acquired by Parker Hannifin | Industrials M&A Deal

Parker Hannifin has acquired Circor Aerospace, a industrial services other business in New York, for $2.55 billion. Circor Aerospace acquisition supports Parker Hannifin acquisitions in industrials M&A by strengthening aerospace and defense flow-control capabilities used in harsh environments. The strategic acquisition expands NY acquisitions and divestiture acquisition activity for Parker as it integrates naval and industrial systems into its broader motion and control portfolio. The announced divestiture acquisition follows KKR’s 2023 Circor acquisition for $1.8 billion, with KKR expected to retain ownership of Circor’s naval and industrial businesses.