NYSE:KKRCapital Markets
KKR Reshapes Industrials Portfolio With US$2.6b Circor Aerospace Sale
KKR (NYSE:KKR) has agreed to sell its Circor Aerospace unit to Parker Hannifin in a deal valued between $2.55b and $2.6b.
The transaction is expected to close in the second half of 2026, subject to regulatory approvals and closing conditions.
KKR will retain Circor’s naval and industrial businesses while exiting the aerospace portion of the portfolio.
For investors watching NYSE:KKR, this planned sale comes amid a mixed share price backdrop. The stock closed at $94.04, with returns down...