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. 

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 

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