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FinanceWarburg Pincus, Berkshire Partners Sell CPP to GE Aerospace for $11.75 Billion
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Private equity firms Warburg Pincus and Berkshire Partners have agreed to sell Consolidated Precision Products (CPP) to GE Aerospace for $11.75 billion. CPP, based in Cleveland, Ohio, is a castings manufacturer with approximately 6,600 employees across more than 20 facilities. The company has been a supplier to GE Aerospace for over 15 years. The transaction represents a significant exit for the private equity investors, who are selling the company to a long-standing customer. The deal highlights ongoing consolidation in the aerospace supply chain and GE Aerospace's strategy to secure critical manufacturing capabilities.
Source report
Cleveland, Ohio — Consolidated Precision Products (CPP), a castings manufacturer headquartered in Cleveland, Ohio, has been a supplier to GE Aerospace for more than 15 years. The company employs approximately 6,600 people across more than 20 facilities.
Private equity firms Warburg Pincus and Berkshire Partners have agreed to exit their investment in CPP through a sale to GE Aerospace valued at $11.75 billion.
This post originally appeared on PE Hub.
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PE HubWestern
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GE Aerospace acquires Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion