KKR completed the acquisition of CIRCOR International for $1.7bn.

KKR, an alternative asset manager focusing on private equity, fixed income, and capital markets, completed the acquisition CIRCOR International, a manufacturer of highly engineered, complex and severe environment products that serve the long-term, for $1.7bn. “Today marks an exciting new chapter for CIRCOR. KKR’s exceptional track record in the flow control space and commitment to invest in employees makes them a perfect strategic partner for our future. We look forward to working with KKR as we continue to grow, innovate, and improve CIRCOR for the benefit of our customers,” Tony Najjar, CIRCOR President and CEO. On June 27, CIRCOR announced that it has accepted a proposal from KKR to increase the price of its previously announced definitive merger agreement with CIRCOR from $49 to $51 per common share in cash, an increase of $2 per share. On June 29, CIRCOR enters into amended definitive agreement with KKR at $56 per share in cash, following receipt of an unsolicited, binding $57 per share acquisition proposal from Arcline.