Parker-Hannifin Corp acquired CIRCOR Commercial and Defense Aerospace business for $2.55 billion, a transaction announced in May 2026, structured as All-cash purchase of a carve-out business on a cash-free, debt-free basis; subject to customary closing conditions and regulatory approvals, expected to close in the second half of calendar year 2026.
CIRCOR Commercial and Defense Aerospace business operates in Aerospace Systems, is based in United States and EMEA. Parker agreed to acquire the Commercial and Defense Aerospace business of CIRCOR International, which designs, manufactures and supports highly engineered, proprietary flight-critical motion and flow control products for commercial aircraft and defense applications. The business operates production sites in the United States and EMEA and is expected to generate roughly $270 million of calendar-year 2026 sales at adjusted EBITDA margins above 40% before synergies. Parker sees double-digit growth ahead driven by positions on premier aerospace and defense programs.
Adds complementary flight-critical motion and flow control technologies and expands Parker's ability to serve longer-cycle, higher-growth, high-margin aerospace and defense customers, with anticipated operational synergies via The Win Strategy.
Advisory firms were not disclosed for this transaction.