Parker-Hannifin Agrees to Acquire Circor Aerospace Division from KKR
Parker-Hannifin Corporation (NYSE:PH) has agreed to acquire the aerospace division of Circor International from private equity firm KKR for $2.55 billion, as reported by Reuters on May 21. The deal is expected to close in the second half of 2026 and aims to strengthen Parker-Hannifin's position in higher-margin aerospace systems.
Topics: acquisition aerospace industrial