Cash deal with Warburg Pincus and Berkshire Partners aims to lock in scarce aero castings; close targeted for the second half of 2027.
Business • Aerospace • M&A
GE Aerospace said Tuesday it will acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion in cash, subject to closing adjustments. About $7 billion will come from existing cash and the rest from new debt. Closing is expected in the second half of 2027, pending regulatory approvals. The deal is signed, not closed.
CPP makes engineered castings for commercial aerospace, defense, and industrial gas turbines, with about 6,600 employees across more than 20 sites. GE said CPP has been a supplier for more than 15 years and cited LEAP and GEnx. It put the multiple at about 18 times 2027 EBITDA including about $200 million in expected net synergies, or about 26 times without, and pointed to about $2.0 billion in 2027 estimated revenue.
Howmet Aerospace shares sold off sharply; percentages varied by timestamp from morning to near the close. GE called the purchase an expansion of mission-critical castings capacity after its 2024 standalone split.
Sources: GE Aerospace press release and Form 8-K exhibits, Sep. 8, 2026; Reuters; Aviation Week.
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