M&A Deal Summary

Parker Hannifin Acquires Clarcor

On December 1, 2016, Parker Hannifin acquired machinery company Clarcor for 4.3B USD

Acquisition Highlights
  • This is Parker Hannifin’s 11th transaction in the Machinery sector.
  • This is Parker Hannifin’s 3rd largest (disclosed) transaction.
  • This is Parker Hannifin’s 39th transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-12-01
Target Clarcor
Sector Machinery
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Goldman Sachs (Financial)
Bass, Berry & Sims
Baker & McKenzie (Legal)

Target

Clarcor

Franklin, Tennessee, United States
Clarcor, Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products sold in domestic and international markets. Clarcor, Inc. was established in 1904 and is headquartered in Franklin, Tennessee.

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Buyer(S) 1

Buyer

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 70 of 75
Sector: Machinery M&A 11 of 11
Type: Add-on Acquisition M&A Deals 48 of 52
State: Tennessee M&A 1 of 1
Country: United States M&A 39 of 43
Year: 2016 M&A 3 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Jäger Automobil-Technik

Germany

Jäger Automobil-Technik GmbH specializes in the development and production of molded rubber and plastics components (fully elastomeric variants and composite solutions) and is internationally renowned in the field of two-component injection technology.

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FOLLOWING 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 -