GE Aerospace has announced an agreement to acquire Consolidated Precision Products (CPP) for $11.75 billion. The transaction will be funded with $7 billion in cash and the balance in new debt. The sellers are private investment firms Warburg Pincus and Berkshire Partners. The company said the deal is expected to close in the second half of 2027, subject to regulatory approvals and other customary closing conditions.
Consolidated Precision Products, based in Cleveland, Ohio, was founded in 1991 and manufactures engineered castings, including investment and precision sand castings, for commercial aerospace and defense customers. Its products use super alloy, titanium, aluminum, magnesium and steel, and are used in aircraft, weapon systems, jets, helicopters and industrial gas turbines. The company employs about 6,600 people and operates more than 20 facilities worldwide. It has supplied GE Aerospace for more than 15 years.
GE Aerospace expects the acquisition to be accretive to adjusted earnings per share and free cash flow in the first year, excluding one-time costs and deal-related amortization. The purchase price values CPP at roughly 18 times 2027 EBITDA, including expected net synergies, or about 26 times without synergies. The company said the deal does not change its capital allocation plans.
H. Lawrence Culp Jr., GE Aerospace's chairman and chief executive, said the acquisition is intended to address casting capacity needs across commercial engines, aftermarket and defense. He said combining GE Aerospace's technology capabilities and FLIGHT DECK with CPP's manufacturing experience should expand capacity, improve performance and accelerate development of new engine technologies for current and next-generation platforms.
Evercore and PJT Partners acted as lead financial advisors to GE Aerospace. Morgan Stanley and Guggenheim Securities advised CPP. The announcement was made on Monday, September 8, 2026, from Cincinnati.
