At what enterprise value was CIRCOR INTERNATIONAL acquired in 2023?

During the acquisition of CIRCOR INTERNATIONAL by KKR in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CIRCOR INTERNATIONAL when it was acquired by KKR?

The estimated EV/EBITDA multiple for CIRCOR INTERNATIONAL is in the range of 15x - 25x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was CIRCOR INTERNATIONAL acquired by KKR?

CIRCOR INTERNATIONAL was acquired by KKR in 2023.

What was the revenue of CIRCOR INTERNATIONAL at the time of the deal?

The revenue of CIRCOR INTERNATIONAL at the time of the deal is estimated to be in the range of 450M - 900M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CIRCOR INTERNATIONAL during the acquisition?

CIRCOR INTERNATIONAL's EBITDA is estimated to be in the range of 100M - 200M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CIRCOR INTERNATIONAL acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CIRCOR INTERNATIONAL deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.circor.com/news/circor-international-announces-completion-acquisition-kkr

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Home Database Industry & ManufacturingCIRCOR INTERNATIONAL

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 LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

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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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: circor international

Acquirer: kkr