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10/2023

CIRCOR INTERNATIONAL acquired by KKR

UNITED STATES Industrial Equipment / Components / Valves, Pumps & Taps EV 1b - 4b USD

Context

KKR has successfully finalized the acquisition of 100% of the common stock of CIRCOR International, transitioning the organization from a public entity to a private subsidiary. This strategic move follows a competitive bidding process and represents a significant consolidation within the global flow control landscape. The strategic rationale for the transaction centers on leveraging the acquirer’s industrial expertise to enhance the target’s operational efficiency and accelerate its growth within the aerospace and defense sectors. By removing the target from the public markets, the group aims to implement long-term capital investments and a broad-based employee ownership model to drive technical innovation. The partnership is designed to optimize the organization’s manufacturing footprint and expand its presence in high-growth industrial markets through targeted M&A and digital transformation initiatives. This integration reinforces the group’s standing as a primary consolidator of mission-critical technology platforms, providing the strategic depth and financing certainty required to navigate complex global regulatory environments while maintaining technical leadership.

CIRCOR INTERNATIONAL, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

CIRCOR International is a leading global technology organization specializing in the design and manufacturing of mission-critical flow control products and services. The entity’s business model is built on providing highly engineered solutions, including valves, pumps, and regulators, for complex applications where the cost of failure is extremely high. Its value proposition is centered on technical durability and precision engineering, serving as a primary supplier to the global industrial and aerospace and defense markets. Strategically, the firm focuses on the energy, power generation, and military infrastructure sectors, providing the hardware necessary for high-pressure and corrosive environments. By maintaining an extensive international distribution network and proprietary technical content, the organization ensures a dominant position in localized and global supply chains. The organization facilitates industrial safety and operational efficiency through advanced fluid management systems.

Ent. Value

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Historical Financials (USD)

Year
Rev
EBITDA
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2022
2021

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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 450M - 900M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CIRCOR INTERNATIONAL by KKR are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: circor international

Acquirer: kkr