U.S.-based engine manufacturer GE Aerospace has announced a definitive agreement to acquire Consolidated Precision Products (CPP), a manufacturer of highly engineered aerospace and defense castings, for $11.75 billion. According to the company, the acquisition aims to expand manufacturing capacity and secure supply chains for current and next-generation commercial and military engine programs.
GE Aerospace announced today it has signed an agreement to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings. Read more. 🔗 https://t.co/0ijZzjiOw2 pic.twitter.com/dm7gPkH57c
— GE Aerospace (@GE_Aerospace) September 8, 2026
GE Aerospace press release:
$11.75 billion transaction, expected to be accretive-a) to adjusted EPS* and free cash flow* in the first year
Strong near and long-term value creation for customers and shareholders
CINCINNATI—September 8, 2026—GE Aerospace (NYSE:GE) announced today that it has signed an agreement to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings, from private investment firms Warburg Pincus and Berkshire Partners.
GE Aerospace Chairman and CEO H. Lawrence Culp, Jr., said, “Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense. By combining GE Aerospace’s technology capabilities and FLIGHT DECK with CPP’s manufacturing experience, we expect to expand capacity, improve performance and accelerate new engine technologies for the current fleet and next-generation platforms.”
CPP, headquartered in Cleveland, Ohio, manufactures highly engineered castings and sub-assemblies primarily for the commercial aerospace and defense markets. Founded in 1991, CPP is one of the world’s largest producers of investment and precision sand castings, producing complex super alloy, titanium, aluminum, magnesium and steel castings for a variety of leading commercial and military aircraft, weapon systems, commercial and regional/business jets, helicopters and industrial gas turbines. CPP has a global team of ~6,600 employees across more than 20 facilities. GE Aerospace has been a CPP customer for over fifteen years.
Culp added, “We will leverage FLIGHT DECK to drive process and quality improvements, supporting higher output, and integrate design and manufacturing to bring engine technologies to market faster for our customers. These improvements also will ensure manufacturing readiness to deploy enhanced airfoil technology for a more reliable ramp.”
CPP CEO James Stewart, said, “GE Aerospace has been a great partner to CPP for many years, and we are excited to further strengthen this long‑standing relationship. As we advance our position as an industry leader in castings, GE Aerospace has expressed strong enthusiasm for supporting our continued growth and expanded vision. Together, we look forward to delivering meaningful value and advancing the success of both organizations.”
Warburg Pincus Managing Director Dan Zamlong, said, “We are incredibly proud of the platform we have built in partnership with Berkshire Partners and CPP’s talented management team. CPP has been transformed into a leading precision casting company in the industry, with significant investments in its operations, technology, quality systems and talent, while expanding its ability to support customers across the commercial aerospace, defense, and power generation markets.”
Berkshire Partners Managing Director Blake Gottesman said, “Berkshire Partners is grateful to have partnered with CPP’s management team and Warburg Pincus during a critical chapter of the company’s growth. Together, we have strengthened CPP’s leadership in the castings industry, and we are excited for the company’s continued success as part of GE Aerospace.”
Transaction Details This transaction will deliver strong near and long-term value creation for customers and shareholders:
Purchase price of $11.75 billion to be financed with $7 billion in cash, with the remainder in new debt
Values CPP at ~18x 2027 EBITDA including expected net synergies, multiple of ~26x without
The acquisition is expected to be accretive-a) to adjusted EPS* and free cash flow* in the first year
No change to GE Aerospace’s capital allocation plans
GE Aerospace and CPP are committed to a disciplined, well-planned integration. The transaction is expected to close in the second half of 2027 and will be subject to regulatory approvals and other customary closing conditions.
Advisors Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as lead legal counsel to GE Aerospace. Evercore and PJT Partners are the lead financial advisors to GE Aerospace on the transaction. Morgan Stanley & Co. LLC and Guggenheim Securities, LLC are serving as financial advisors and Cleary Gottlieb is serving as legal counsel to CPP on the transaction.