Kaman Corporation Acquires Parker-Hannifin's Aircraft Wheel & Brake Division for $440 Million

Parker Hannifin to Acquire CIRCOR Aerospace for $2.55 Billion

May 24, 2026

Industrial Services

KKR and CIRCOR International have signed a definitive agreement to sell CIRCOR Aerospace, the company’s commercial and defense aerospace division, to Parker Hannifin for $2.55 billion. The deal is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions.

GA Telesis Acquires AAR Landing Gear Overhaul and Wheels & Brakes Business

April 7, 2025

Transportation

GA Telesis, LLC has completed the acquisition of AAR CORP.'s Landing Gear Overhaul business and Wheels & Brakes unit in a $51 million divestiture. The operations will be integrated into GA Telesis' MRO Services Division and rebranded as GA Telesis Landing Gear Services, expanding the company's landing gear MRO capabilities and adding HVOF coating technology.

Parker-Hannifin Acquires Meggitt for £6.3 Billion

August 2, 2021

Aerospace & Defense

Parker-Hannifin announced it has reached terms for a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Meggitt. The deal is valued at £6.3 billion and is subject to regulatory clearances and Meggitt shareholder approval.

Parker Hannifin Acquires Exotic Metals Forming Company

September 16, 2019

Aerospace & Defense

Parker Hannifin Corporation completed the cash acquisition of Exotic Metals Forming Company LLC for $1.725 billion. The purchase brings Exotic's high-temperature, high-pressure air and exhaust management and complex engine turbine hot-section assemblies into Parker's Aerospace group to expand Parker's engine and aircraft systems capabilities.

Gorilla Commercial Vehicle Holdings Acquires Gorilla Brake Holdings

July 30, 2019

Manufacturing

Gorilla Commercial Vehicle Holdings, Inc. has acquired Gorilla Brake Holdings, a Brantford, Ontario–based remanufacturer of heavy-truck brake shoes and friction components. The deal brings together Gorilla’s remanufacturing and aftermarket distribution footprint with the buyer’s engineering, design and manufacturing capabilities to expand product offerings (including air disk brake services) and broaden reach in the heavy-duty truck market.

Aero 3 (AeroRepair) Acquires Avianor Wheel & Brake Division

October 9, 2015

Aerospace & Defense

Aero 3, Inc., together with its wholly owned subsidiary AeroRepair Corp., acquired the Wheel & Brake Division of Avianor, Inc., expanding Aero 3's MRO footprint into Canada. The acquisition adds Montreal and Calgary facilities, increases capacity and broadens AeroRepair's capability to service Boeing and Airbus narrow- and wide-body aircraft as part of an add-on growth strategy.