Parker Hannifin Mergers and Acquisitions Summary

MachineryCompany

Parker Hannifin has acquired 77 companies, including 2 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 11 assets.

Parker Hannifin’s largest acquisition to date was in 2022, when it acquired Meggitt for $9.7B. It’s largest disclosed sale occurred in 2022, when it sold Parker-Hannifin Aircraft Wheel & Brake Division to Kaman for $440M. Parker Hannifin has acquired in 19 different US states, and 16 countries. The Company’s most targeted sectors include manufacturing (53%) and machinery (16%).

Join Mergr and gain access to Parker Hannifin’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity84
    • M&A Buy Activity73
    • M&A Sell Activity11
  • Total Sectors Invested 13
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 44
  • M&A Advisors 7

Parker Hannifin

Parker Hannifin Corp.

6035 Parkland Boulevard,
Cleveland, Ohio 44124
United States,
(216) 896-3000
www.parker.com

Parker-Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin was formed in 1917 and is based in Cleveland, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.4/yr) # 71 1 - - 1 - 73
vol $5.1B $3.7B $9.7B $18.5B
Sell (0.6/yr) # 8 1 - - 1 1 11
vol $440M $440M
  84

Most Recent M&A

Company Date Value Type
Filter Resources, Inc. 2023-12-05 - Divestiture
Pasadena, Texas · www.filterresources.com
Meggitt PLC 2022-08-02 9.7B GBP Add-on Acquisition
Coventry, United Kingdom · www.meggitt.com
Parker-Hannifin Aircraft Wheel & Brake Division 2022-05-23 440M USD Divestiture
Avon, Ohio
LORD Corp. 2019-04-29 3.7B USD Add-on Acquisition
Drive Cary, North Carolina · www.lord.com
Parker Hannifin Corp. - Precision Cooling Business 2019-01-14 - Divestiture
Cleveland, Ohio
LS Energy Solutions LLC 2018-12-04 - Divestiture
Charlotte, North Carolina · www.ls-es.com
Facet Filtration 2018-05-03 - Divestiture
Tulsa, Oklahoma · www.facetfiltration.com
Helac Corp. 2017-02-01 - Add-on Acquisition
Enumclaw, Washington · www.helac.com
Clarcor, Inc. 2016-12-01 4.3B USD Add-on Acquisition
Franklin, Tennessee · www.clarcor.com
Jäger Automobil-Technik GmbH 2016-07-01 - Divestiture
, Germany
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 38 (52%) 565M (3%) 4 (36%) -
Machinery 11 (15%) 4.3B (23%) - -
Electrical Equipment 4 (5%) 277M (1%) 1 (9%) -
Chemicals 3 (4%) 3.7B (20%) 1 (9%) -
Engineering 3 (4%) 9.7B (52%) - -
Plastics 3 (4%) - - -
Automotive 2 (3%) - 1 (9%) -
Energy Services and Equipment 1 (1%) - 2 (18%) -
Electronics 2 (3%) - - -
Healthcare Services 2 (3%) - - -
Medical Products 2 (3%) - - -
Aerospace - - 2 (18%) 440M (100%)
Distribution 1 (1%) - - -
Technology Hardware 1 (1%) - - -
Total 73 $18.5B 11 $440M

By Geo

State/Country Buy Value Sell Value
United States 41 8.7B 10 440M
  Texas 7 - 2 -
  Ohio 1 - 5 440M
  California 5 497M - -
  North Carolina 4 3.9B 1 -
  Washington 3 - - -
  Pennsylvania 3 - - -
  New York 2 - - -
  New Jersey 2 - - -
  Illinois 2 - - -
  Florida 2 - - -
  Virginia 2 - - -
  Missouri 1 - - -
  Massachusetts 1 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
  Wisconsin 1 - - -
  Tennessee 1 4.3B - -
  South Carolina 1 - - -
  North Dakota 1 - - -
  Maine - - 1 -
  Oklahoma - - 1 -
United Kingdom 8 9.7B - -
Germany 5 - - -
Canada 3 - - -
  Quebec 1 - - -
  Ontario 1 - - -
  Manitoba 1 - - -
Italy 2 68M 1 -
Brazil 2 - - -
India 2 - - -
Netherlands 2 - - -
1 - - -
  New Jersey 1 - - -
Australia 1 - - -
France 1 - - -
Japan 1 - - -
Malaysia 1 - - -
North Korea 1 - - -
Singapore 1 - - -
South Korea 1 - - -
Domestic 41 (56%) 8.7B (47%) 10 (91%) 440M (100%)
Cross-border 32 (44%) 9.8B (53%) 1 (9%) -
Total 73 $18.5B 11 $440M

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Barclays Investment Bank
1
Quarton Partners LLC
1
Legal Deals
Jones Day
1
Eversheds LLP
1
Cravath, Swaine & Moore LLP
1

Deal Values

buy # Total
> $1B 3 $17.7B
$100M to $1B 2 $761M
< $100M 2 $80M
TOTAL $18.5B
Largest Meggitt PLC
$9.7B (2022-08-02)
sell # Total
$100M to $1B 1 $440M
TOTAL $440M
Largest Parker-Hannifin Aircraft Wheel & Brake Division
$440M (2022-05-23)

M&A Connections

Deals
Acquired from
Investor(s)
14%
10 (14%)
Strategic(s)
30%
22 (30%)
Divested to
Investor(s)
9%
1 (9%)
Strategic(s)
91%
10 (91%)

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