Warburg Pincus and Berkshire Partners are selling Consolidated Precision Products (CPP) to GE Aerospace in a deal valued at $11.75bn. Dan Zamlong, managing director at Warburg Pincus, said the company had been transformed into a leading precision casting company. Blake Gottesman, managing director at Berkshire Partners, said the two owners had strengthened CPP's leadership in the castings industry.

GE Aerospace is paying around 18 times CPP's expected 2027 EBITDA including anticipated net synergies, or roughly 26 times without them. The buyer intends to fund the purchase with $7bn in cash and the balance in new debt, and expects the acquisition to add to adjusted earnings per share and free cash flow in the first year. H.

Lawrence Culp, Jr., chairman and CEO of GE Aerospace, said investing in mission-critical casting capacity is needed to support strong simultaneous demand across commercial engines, aftermarket and defense. Founded in 1991 and headquartered in Cleveland, Ohio, CPP produces investment and precision sand castings for commercial and military aircraft, weapon systems, helicopters, and industrial gas turbines. The transaction is expected to close in the second half of 2027, subject to regulatory approvals.