Parker-Hannifin to Acquire Circor Aerospace from KKR, Reuters Says
Key takeaways
- On May 21, Reuters reported that US investment firm KKR had agreed to sell the aerospace division of Circor to Parker-Hannifin Corporation (NYSE:PH) for $2.55 billion.
- Circor Aerospace manufactures components for commercial aircraft, and the acquisition is expected to strengthen Parker-Hannifin’s position in higher-margin aerospace systems.
- The investment firm also said it sees significant room for growth in both businesses going forward.
Parker-Hannifin to Acquire Circor Aerospace from KKR, Reuters Says Vardah Gill Mon, May 25, 2026 at 4:34 AM GMT+7 2 min read PH With a 5-year dividend growth rate of 15.06%, Parker-Hannifin Corporation (NYSE:PH) is included among the 10 Best Dividend Growth Stocks to Buy and Hold for 3 Years.
On May 21, Reuters reported that US investment firm KKR had agreed to sell the aerospace division of Circor to Parker-Hannifin Corporation (NYSE:PH) for $2.55 billion.
Circor Aerospace manufactures components for commercial aircraft, and the acquisition is expected to strengthen Parker-Hannifin’s position in higher-margin aerospace systems. The transaction is expected to close during the second half of 2026. KKR said that once the deal closes, all Circor employees will receive a dividend funded through a portion of the sale proceeds. The payment is intended to recognize the strong performance delivered by the company’s industrial and naval businesses.