M&A Deal Summary

Parker Hannifin Acquires Gulf Coast Seal

On November 16, 2010, Parker Hannifin acquired engineering company Gulf Coast Seal

Acquisition Highlights
  • This is Parker Hannifin’s 1st transaction in the Engineering sector.
  • This is Parker Hannifin’s 33rd transaction in the United States.
  • This is Parker Hannifin’s 6th transaction in Texas.

M&A Deal Summary
Date 2010-11-16
Target Gulf Coast Seal
Sector Engineering
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Gulf Coast Seal

Houston, Texas, United States
Gulf Coast Seal (GCS), is a provider of highly engineered elastomeric and plastic sealing components and sub-systems for use in offshore oil and gas applications as well as quick response machining and value added services. Gulf Coast Seal has facilities located in Houston, Texas and in Glasgow, Scotland.

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Buyer(S) 1

Buyer

Parker Hannifin

Cleveland, Ohio, United States
Category Company
Founded 1917
Sector Machinery
Employees50,520
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to Parker Hannifin's corporate headquarters in Cleveland, Ohio.
Entrance to 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 57 of 73
Sector (Engineering) 1 of 3
Type (Add-on Acquisition) 38 of 51
State (Texas) 6 of 7
Country (United States) 33 of 41
Year (2010) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-24 Micro Thermo Technologies

Mirabel, Quebec, Canada

Micro Thermo Technologies, Inc., is a manufacturer of refrigeration controls and energy management systems for supermarket applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 HDA Acessorios e Equipamentos

Sao Paulo, Brazil

HDA Acessorios e Equipamentos Ltda. is a manufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets.

Buy -
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