GE Aerospace agrees to buy Consolidated Precision Products for $11.75B

GE Aerospace agreed to buy Consolidated Precision Products, a Cleveland-based castings maker, from Warburg Pincus and Berkshire Partners for $11.75B. The company will pay $7B in cash and fund the rest with new debt. The purchase adds casting capacity for airfoils used in commercial engines, aftermarket and defense, and the deal is expected to close in the second half of 2027, subject to regulatory approvals.

• Purchase price $11.75B; $7B in cash, with the balance financed by new debt.
• CPP has about 6,600 employees and more than 20 facilities.
• Valuation about 18 times 2027 EBITDA including expected net synergies.
• Expected close in the second half of 2027; GE says it expects the deal to be accretive to adjusted EPS and free cash flow in the first year after closing.