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Business/Financial

KKR To Acquire CIRCOR International For $1.6 Billion

By Cal Biesecker

Monday, June 5th, 2023

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KKR To Acquire CIRCOR International For $1.6 Billion

CIRCOR's defense products include centrifugal pumps used to transport water with low acoustical noise on submarines. Photo: CIRCOR International

The investment firm KKR Corp. [KKR] on Monday said it has agreed to acquire flow control products supplier CIRCOR International [CIR] for $1.6 billion in cash. The acquisition has been approved by CIRCOR’s board and still requires approvals by the company’s shareholders and regulators. CIRCOR expects the acquisition to close in the fourth quarter, after which time the company will be privately held. CIRCOR had $787 million in sales in 2022, with $283 million from its work with the aerospace…

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