M&A Deal Summary

Parker Hannifin Acquires SSD Drives

On August 15, 2005, Parker Hannifin acquired electrical equipment company SSD Drives from Compass Partners International for 235M EUR

Acquisition Highlights
  • This is Parker Hannifin’s 1st transaction in the Electrical Equipment sector.
  • This is Parker Hannifin’s 5th largest (disclosed) transaction.
  • This is Parker Hannifin’s 17th transaction in the United States.
  • This is Parker Hannifin’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2005-08-15
Target SSD Drives
Sector Electrical Equipment
Buyer(s) Parker Hannifin
Sellers(s) Compass Partners International
Deal Type Add-on Acquisition
Deal Value 235M EUR

Target

SSD Drives

Charlotte, North Carolina, United States
SSD Drives, Inc. is a designer, manufacturer and marketer of drives (AC and DC) and servos (drives/motors). Drives are electronic equipment that controls the direction, speed and torque of motors used within industrial automation process. SSD has been making drives since 1965.

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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 26 of 73
Sector (Electrical Equipment) 1 of 4
Type (Add-on Acquisition) 18 of 51
State (North Carolina) 1 of 4
Country (United States) 17 of 41
Year (2005) 4 of 9
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-27 Hanil Hydraulics

Shiung City, North Korea

Hanil Hydraulics Co., Ltd., a Korean based maker of hydraulic valves used in construction equipment applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-07 Filtran Aftermarket Products

Miami Lakes, Florida, United States

FAP provides complete sealing solutions for the automotive transmission market, including re-builders, original equipment manufacturers and distributors.

Buy -

Seller(S) 1

SELLER

Compass Partners International

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Compass Partners International is a European private equity firm that targets investments in middle-market industrial manufacturing and services companies. Compass seeks controlling interests in 'under-managed' or capital-constrained businesses valued from €100 million to €750 million. Areas of interest include infrastructure, HVAC, aerospace/defense, capital goods, vending, controls/components, and machinery/equipment. The Firm will consider a variety of transaction situations, including turnarounds, recapitalization, corporate carve-outs, and growth capital financings. Compass Partners International was formed in 1997 and is based in London.

DEAL STATS #
Overall 2 of 9
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2005) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Drake Beam Morin

New York, New York, United States

Drake Beam Morin, Inc. is a service provider in the career transition, talent development services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Evoca

Milan, Italy

Evoca is a manufacturer of Hot & Cold and Snack & Food vending machines. Evoca was founded in 2000 and is based in Milan, Italy.

Sell -
Mergr

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