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 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%).

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 13,696M USD for 2020 and 14,320M USD for 2019.

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 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 72 - - 1 - - 73
vol $8.8B $9.7B $18.5B
Sell (0.4/yr) # 9 - - 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 - - -
  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 -
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
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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