M&A Deal Summary

Parker Hannifin Acquires Titan Industries

On June 3, 2008, Parker Hannifin acquired manufacturer Titan Industries

Acquisition Highlights
  • This is Parker Hannifin’s 23rd transaction in the Manufacturing sector.
  • This is Parker Hannifin’s 26th transaction in the United States.
  • This is Parker Hannifin’s 3rd transaction in California.

M&A Deal Summary
Date 2008-06-03
Target Titan Industries
Sector Manufacturing
Buyer(s) Parker Hannifin
Deal Type Add-on Acquisition

Target

Titan Industries

South Gate, California, United States
Titan Industries is a manufacturer of industrial rubber, custom-made and composite hoses for fluid and material transfer as well as related products, services and accessories.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 43 of 73
Sector (Manufacturing) 23 of 38
Type (Add-on Acquisition) 27 of 51
State (California) 3 of 5
Country (United States) 26 of 41
Year (2008) 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-08 Hi-Tech Rubber

Anaheim, California, United States

Hi-Tech Rubber, Inc., is an custom molder of precision elastomeric components utilized primarily in the medical industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-04 Die Lingk & Sturzebecher

Stuhr, Germany

Die Lingk & Sturzebecher GmbH, is a manufacturer of light weight carbon fiber high pressure cylinders and actuators including those based on composite technologies, for aerospace, mobile and industrial markets.

Buy -
Mergr

Product

Company

Legal