Parker Hannifin - M&A Summary and Business Overview

MachineryCompany

Parker Hannifin M&A Summary

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 12 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%).

Parker Hannifin Business Overview

Where is Parker Hannifin headquartered?

Parker Hannifin is headquartered in Cleveland, Ohio.

What is Parker Hannifin’s revenue?

Parker Hannifin disclosed revenue of 19,930M USD for 2024 and 19,065M USD for 2023.

How many employees does Parker Hannifin have?

Parker Hannifin has 50,520 employees.

What sector is Parker Hannifin in?

Parker Hannifin is a machinery company.

When was Parker Hannifin founded?

Parker Hannifin was founded in 1917.

M&A Summary

  • M&A Total Activity85
    • M&A Buy Activity73
    • M&A Sell Activity12
  • Total Sectors Invested 13
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 45
  • M&A Advisors 8

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 72 - - 1 - - 73
vol $8.8B $9.7B $18.5B
Sell (0.6/yr) # 9 - - 1 1 1 12
vol $440M $440M
  85

Most Recent M&A

Company Date Value Type
Composites & Fuel Containment Division 2024-07-29 - Divestiture
Erlanger, Kentucky
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 38 (52%) 565M (3%) 4 (33%) -
Machinery 11 (15%) 4.3B (23%) 1 (8%) -
Electrical Equipment 4 (5%) 277M (1%) 1 (8%) -
Chemicals 3 (4%) 3.7B (20%) 1 (8%) -
Engineering 3 (4%) 9.7B (52%) - -
Plastics 3 (4%) - - -
Automotive 2 (3%) - 1 (8%) -
Energy Services and Equipment 1 (1%) - 2 (17%) -
Electronics 2 (3%) - - -
Healthcare Services 2 (3%) - - -
Medical Products 2 (3%) - - -
Aerospace - - 2 (17%) 440M (100%)
Distribution 1 (1%) - - -
Technology Hardware 1 (1%) - - -
Total 73 $18.5B 12 $440M

By Geo

State/Country Buy Value Sell Value
United States 41 8.7B 11 440M
  Texas 7 - 2 -
  Ohio 1 - 5 440M
  California 5 497M - -
  North Carolina 4 3.9B 1 -
  Washington 3 - - -
  Pennsylvania 3 - - -
  Virginia 2 - - -
  New York 2 - - -
  New Jersey 2 - - -
  Illinois 2 - - -
  Florida 2 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
  Wisconsin 1 - - -
  Tennessee 1 4.3B - -
  South Carolina 1 - - -
  North Dakota 1 - - -
  Missouri 1 - - -
  Massachusetts 1 - - -
  Oklahoma - - 1 -
  Maine - - 1 -
  Kentucky - - 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%) 11 (92%) 440M (100%)
Cross-border 32 (44%) 9.8B (53%) 1 (8%) -
Total 73 $18.5B 12 $440M

Top M&A Advisors

Financial Deals
Morgan Stanley
 2
Barclays Investment Bank
 1
Quarton Partners LLC
 1
Legal Deals
Jones Day
 2
Eversheds LLP
 1
Cravath, Swaine & Moore
 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)
17%
2 (17%)
Strategic(s)
83%
10 (83%)

Company Summary

SECTOR

Machinery

Revenue

19,930   5% 2024
19,065   21% 2023
15,862   11% 2022
14,348   5% 2021
13,696   5% 2020
14,320   1% 2019
14,302   19% 2018
12,029   6% 2017
11,361   11% 2016
12,712   4% 2015
13,216   2% 2014
13,015   2013
(millions of USD) Show More Show Less

Employees

50,520

Established

1917

Public

NYSE: PH

Former Name

Parker Appliance Co.

 Subscribe to unlock this and 208,107
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Parker Hannifin

Ohio Companies , Machinery Companies , United States Companies , Ohio Machinery Companies , Ohio Machinery with Acquisitions , Ohio Machinery with Divestitures

Related Lists for Ohio Companies

Largest Ohio Companies , Acquisitive Ohio Companies , Recently Acquired Ohio Companies , Recently Sold Ohio Companies , Private Ohio Companies , Public Ohio Companies , Acquired Ohio Companies , PE Backed Ohio Companies

Related Lists for Machinery Companies

Largest Machinery Companies , Acquisitive Machinery Companies , Recently Acquired Machinery Companies , Recently Sold Machinery Companies , Private Machinery Companies , Public Machinery Companies , Acquired Machinery Companies , PE Backed Machinery Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal