M&A Deal Summary

Filtration Group Acquires Facet

On May 3, 2018, Filtration Group acquired manufacturer Facet from Parker Hannifin

Acquisition Highlights
  • This is Filtration Group’s 7th transaction in the Manufacturing sector.
  • This is Filtration Group’s 8th transaction in the United States.
  • This is Filtration Group’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2018-05-03
Target Facet
Sector Manufacturing
Buyer(s) Filtration Group
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target

Facet

Tulsa, Oklahoma, United States
Facet produces innovative contaminant management solutions for an evolving industry and an increasingly environmentally conscious world. Facet manufactures and markets filter housings, filter cartridges and complete filtration systems for hydrocarbon filtration and separation and is a leader in global aviation fuel filtration. Facet was founded in 1943 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Filtration Group

Austin, Texas, United States

Category Company
Founded 1942
Sector Manufacturing
Revenue 1.3B USD (2017)
DESCRIPTION

Filtration Group designs and manufactures filtration systems and components for applications in healthcare, life sciences, environmental safety, and industrial processes. Filtration Group’s portfolio includes air, liquid, and process filtration solutions used across global markets to improve air quality, product purity, and equipment efficiency.. Filtration Group was founded in 1942 and is based in Austin, Texas.


DEAL STATS #
Overall 12 of 17
Sector: Manufacturing M&A 7 of 10
Type: Divestiture M&A Deals 4 of 4
State: Oklahoma M&A 1 of 2
Country: United States M&A 8 of 11
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 Multisorb Technologies

Buffalo, New York, United States

Multisorb Technologies is a developer and manufacturer of sorbent and specialty products used in healthcare, food & beverage, electronics and industrial applications to protect the shelf or service life of a product. It's active packaging technology provides superior protection against moisture, odor, oxygen, and other gases by extending shelf life, enhancing product quality and preventing damage. Multisorb Technologies was founded in 1961 and is based in Buffalo, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Buffalo Filter

Lancaster, New York, United States

Buffalo Filter LLC is a medical device manufacturer. Its comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions. Buffalo Filter was founded in 1991 and is based in Lancaster, New York.

Sell $365M

Seller(S) 1

SELLER

Parker Hannifin

Cleveland, Ohio, United States

Category Company
Founded 1917
Sector Machinery
Employees61,120
Revenue 19.9B USD (2024)
DESCRIPTION
Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Parker Hannifin's corporate headquarters in Cleveland, Ohio.

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.


DEAL STATS #
Overall 7 of 12
Sector: Manufacturing M&A 4 of 4
Type: Divestiture M&A Deals 7 of 12
State: Oklahoma M&A 1 of 1
Country: United States M&A 6 of 11
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Helac

Enumclaw, Washington, United States

Helac Corp. is a designer and manufacturer of helical rotary actuators, known for their tremendous torque output, compact dimensions, exceptional load bearing capability and rugged, reliable performance. Helac also manufactures a line of attachments primarily for use in material handling and construction equipment markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-04 LS Energy Solutions

Charlotte, North Carolina, United States

LS Energy Solutions LLC is a global energy solutions company offering a total solution with key technologies in global-level ESS system, PCS design, manufacturing, implementation, and service.

Sell -