• Parker Hannifin agreed to buy CIRCOR’s Commercial and Defense Aerospace business for USD 2.55 billion on a cash-free, debt-free basis, including tax benefits with an estimated net present value of about USD 75 million.
• The unit is forecast to generate about USD 270 million of 2026 sales with adjusted EBITDA margin of more than 40% before synergies.
• The price implies 22.7x estimated 2026 adjusted EBITDA, or 18.2x including expected cost synergies of about 10% of estimated 2026 sales.
• The business is about 80% OEM, split roughly evenly between commercial and defense aerospace, with double-digit sales growth expected to continue.
• The deal is expected to close in the second half of 2026, with management expecting it to be immediately accretive to sales growth, EBITDA margins, adjusted EPS, and cash flow.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parker Hannifin Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210920PRIMZONEFULLFEED9724722) on May 21, 2026, and is solely responsible for the information contained therein.