CIRCOR - M&A Summary, Ownership, and Business Overview

MachineryCompany

CIRCOR M&A Summary

CIRCOR has acquired 13 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 6 assets.

CIRCOR’s largest acquisition to date was in 2017, when it acquired Colfax - Fluid Handling Business for $542M. It’s largest disclosed sale occurred in 2019, when it sold CIRCOR International - Reliability Services Business to RelaDyne for $85M. CIRCOR has acquired in 5 different US states, and 7 countries. The Company’s most targeted sectors include machinery (62%) and energy services and equipment (24%).

CIRCOR Ownership

Who owns CIRCOR?

CIRCOR is owned by KKR. It was acquired on June 5, 2023.

Is CIRCOR PE-backed?

Yes. CIRCOR is owned by private equity investor KKR.

CIRCOR Business Overview

Where is CIRCOR headquartered?

CIRCOR is headquartered in Burlington, Massachusetts.

What is CIRCOR’s revenue?

CIRCOR disclosed revenue of 787M USD for 2022 and 759M USD for 2021.

How many employees does CIRCOR have?

CIRCOR has 2,500 employees.

What sector is CIRCOR in?

CIRCOR is a machinery company.

When was CIRCOR founded?

CIRCOR was founded in 1999.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity13
    • M&A Sell Activity6
  • Total Sectors Invested 4
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 8
  • M&A Advisors 2

CIRCOR

CIRCOR International, Inc.

30 Corporate Drive, Suite 200,
Burlington, Massachusetts 01803
United States,
(781) 270-1200
www.circor.com

CIRCOR is a designer, manufacturer, and marketer of highly engineered products and sub-systems used in the energy, aerospace and industrial markets. CIRCOR was established in 1999 and is headquartered in Burlington, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 13 - - - - - 13
vol $764M $764M
Sell (0.4/yr) # 4 - - - - 2 6
vol $85M $85M
  19

Most Recent M&A

Company Date Value Type
TapcoEnpro LLC 2024-08-30 - Divestiture
Channelview, Texas · www.tapcoenpro.com
DeltaValve LLC 2024-08-30 - Divestiture
Sandy, Utah · www.deltavalve.com
CIRCOR International, Inc. - Spence & Nicholson Steam Technology Product Lines 2019-09-03 - Divestiture
Burlington, Massachusetts
CIRCOR International, Inc. - Reliability Services Business 2019-01-28 85M USD Divestiture
Burlington, Massachusetts
Colfax Corp. - Fluid Handling Business 2017-09-25 542M USD Divestiture
Annapolis, Maryland
Critical Flow Solutions 2016-10-13 210M USD Add-on Acquisition
Sandy, Utah
Schroedahl 2015-04-16 - Add-on Acquisition
Reichshof, Germany · www.schroedahl.com
Cambridge Fluid Systems Ltd. 2015-01-06 - Divestiture
Cambridge, United Kingdom · www.cambridge-fluid.com
Sagebrush Pipeline Equipment Co. 2015-01-06 - Sold to Management
Tulsa, Oklahoma · www.sagebrushpl.com
Válvulas S.F. Indústria e Comércio Ltda. 2011-02-07 - Add-on Acquisition
Piracicaba, Brazil
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 8 (62%) - 3 (50%) 85M (100%)
Energy Services and Equipment 3 (23%) 222M (29%) 1 (17%) -
Manufacturing 1 (8%) 542M (71%) 2 (33%) -
Electronics 1 (8%) - - -
Total 13 $764M 6 $85M

By Geo

State/Country Buy Value Sell Value
United States 6 764M 5 85M
  Texas 2 - 1 -
  Utah 1 210M 1 -
  Oklahoma 1 12M 1 -
  Massachusetts - - 2 85M
  Ohio 1 - - -
  Maryland 1 542M - -
United Kingdom 2 - 1 -
Brazil 1 - - -
France 1 - - -
Germany 1 - - -
India 1 - - -
Netherlands 1 - - -
Domestic 6 (46%) 764M (100%) 5 (83%) 85M (100%)
Cross-border 7 (54%) - 1 (17%) -
Total 13 $764M 6 $85M

Top M&A Advisors

Financial Deals
Piper Sandler & Co.
2
Legal Deals
Kirkland & Ellis
2

Deal Values

buy # Total
$100M to $1B 2 $752M
< $100M 1 $12M
TOTAL $764M
Largest Colfax Corp. - Fluid Handling Business
$542M (2017-09-25)
sell # Total
< $100M 1 $85M
TOTAL $85M
Largest CIRCOR International, Inc. - Reliability Services Business
$85M (2019-01-28)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
23%
3 (23%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
50%
3 (50%)

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