GE Aerospace Agrees to Acquire Castings Maker CPP for $11.75 Billion

What was announced

GE Aerospace said on September 8, 2026 that it signed an agreement to acquire Consolidated Precision Products (CPP), a manufacturer of engineered metal castings, from private investment firms Warburg Pincus and Berkshire Partners, according to a GE Aerospace release and a GlobeNewswire announcement. The purchase price is $11.75 billion, to be financed with $7 billion in cash and the remainder in new debt, per the GE Aerospace release.

The Wall Street Journal's Colin Kellaher and Drew FitzGerald reported that the deal places a bet on the advanced materials needed to keep GE's engines cool, and that CPP is a metal-castings provider. The Journal also reported that about 60% of CPP's revenue comes from commercial aerospace customers, with the remainder from defense, power and other markets.

Company and deal details

CPP, headquartered in Cleveland, Ohio, was founded in 1991 and produces investment and precision sand castings, including super alloy, titanium, aluminum, magnesium and steel castings, according to the GlobeNewswire release. The company has roughly 6,600 employees across more than 20 facilities. GE Aerospace has been a CPP customer for more than fifteen years, per the same release.

• Purchase price: $11.75 billion, per GE Aerospace
• Financing: $7 billion cash, remainder in new debt, per GE Aerospace
• Valuation: approximately 18x 2027 EBITDA including expected synergies, or about 26x without, per GE Aerospace
• Expected close: second half of 2027, subject to regulatory approvals, per GE Aerospace

GE Aerospace said the acquisition is expected to be accretive to adjusted EPS and free cash flow in the first year, excluding one-time costs and deal-related amortization, according to its release. The company said it plans additional capital investment in CPP over time and intends to add jobs to support deployment of its FLIGHT DECK operating model.

Advisors on the transaction

Paul, Weiss, Rifkind, Wharton & Garrison is serving as lead legal counsel to GE Aerospace, with Evercore and PJT Partners as lead financial advisors, according to the GlobeNewswire release. Morgan Stanley and Guggenheim Securities are serving as financial advisors to CPP, with Cleary Gottlieb as legal counsel, per the same release.