Circor

Orchestrating Acquisitions

In 2022, the industrial and aerospace-defense company CIRCOR finds itself in a precarious situation when auditors reveal a $20 million accounting deficit. Simultaneously, the board initiates a strategic alternative process, indicating a willingness to sell the company. Guided by a committee of investment bankers and board members, CIRCOR strategically navigates the selling process, successfully parting with the company at 3.5 times its valuation from just a year prior. The question remains: how did they facilitate this impressive turnaround?

Keywords:
  • Corporate Governance
  • Acquisition
  • M&A
  • Merger
  • Corporate Sales
Industry:
  • Aerospace
  • Defense
  • Industrial
Subject:
  • Strategy
  • General Management

Learning Objectives

At the end of this experience, your students will be able to grasp, evaluate and articulate…

  1. How to navigate periods of high complexity and still maximize the outcome for shareholders
  2. How to position a company to create maximum value for shareholders
  3. How to create a competitive dynamic in a sales process to maximize shareholder value
  4. The unique roles of CFO and CEO, including their supervision by the board, compliance with the SEC and NY Stock Exchange regulations, and concurrent management of business operations
  5. Key information that needs to be reported publicly to the SEC, and how that can affect share price.


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