Parker to acquire CIRCOR’s commercial and defense aerospace business
Parker Hannifin Corp., a global provider of motion and control technologies, announced it has entered into a definitive agreement to acquire the Commercial and Defense Aerospace business of CIRCOR International Inc.
CIRCOR Aerospace designs, manufactures and supports highly engineered and proprietary flight-critical motion and flow control products for commercial aircraft and defense applications with production locations in the United States and EMEA. CIRCOR Aerospace estimates calendar year 2026 sales of approximately $270 million with adjusted EBITDA margins of more than 40% before synergies and anticipates double-digit sales growth over the next several years driven by positions on premier aerospace and defense programs.
“This transaction represents our latest strategic investment in longer cycle, higher growth, high margin businesses aligned with our continuous focus on delivering top-quartile financial performance,” said Parker Chairman and Chief Executive Officer Jenny Parmentier. “CIRCOR Aerospace adds complementary capabilities and technologies, further expanding our ability to serve aerospace and defense customers. Using our business system, The Win Strategy™, we expect to further accelerate growth and achieve operational synergies to create shareholder value.”
Vice Chairman of CIRCOR Tony Najjar said, “Parker is an innovative and proven leader in the aerospace and defense market with a portfolio of complementary technologies that will allow CIRCOR Aerospace and Parker to better serve customer needs. I am excited for our employees to join such an outstanding company with a pedigree in the aerospace and defense market. We believe our customers will benefit from the broad engineering expertise and operational excellence our combined businesses provide.”
INDUSTRIAL SUPPLY MAGAZINE
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