Parker Hannifin Buys Circor Aerospace for $2.6B, Fueling Sector Consolidation

Parker Hannifin Corporation entered a definitive agreement to acquire Circor Aerospace from KKR for approximately $2.6 billion.

KKR will retain ownership of Circor’s industrial and naval business units. KKR previously acquired the parent company, Circor International, in 2023.

The transaction merges complementary product portfolios to create a more diversified aerospace and defense supplier.

Management expects the deal to close in the second half of 2026. Completion remains subject to regulatory approvals and customary closing conditions.

This acquisition signals ongoing consolidation within the high-value aerospace manufacturing sector.