M&A Deal Summary

Triumph Group Acquires Parker Hannifin s United Aircraft Products Division

On June 2, 2003, Triumph Group acquired aerospace company Parker Hannifin s United Aircraft Products Division from Parker Hannifin

Acquisition Highlights
  • This is Triumph Group’s 9th transaction in the Aerospace sector.
  • This is Triumph Group’s 9th transaction in the United States.
  • This is Triumph Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2003-06-02
Target Parker Hannifin s United Aircraft Products Division
Sector Aerospace
Buyer(s) Triumph Group
Sellers(s) Parker Hannifin
Deal Type Divestiture

Target

Parker Hannifin s United Aircraft Products Division

Forest, Ohio, United States
United Aircraft Products Division business,specializes in the design, development, manufacture, sale and service of heat exchangers for the aerospace industry.

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Buyer(S) 1

Buyer

Triumph Group

Berwyn, Pennsylvania, United States
Category Company
Founded 1993
Sector Aerospace
Employees4,530
Revenue 1.2B USD (2024)
DESCRIPTION

Triumph Group is an entity which designs, engineers, manufactures, overhauls, and repairs aircraft components, including mechanical controls, avionics, instrumentation, engine accessories, and auxiliary power units. Triumph Group was founded in 1993 and is besed in Berwyn, Pennsylvania.

DEAL STATS #
Overall 9 of 32
Sector (Aerospace) 9 of 30
Type (Divestiture) 4 of 12
State (Ohio) 1 of 1
Country (United States) 9 of 29
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-25 Boeing - Spokane Fabrication Operation

Spokane, Washington, United States

Spokane Fabrication Operation is dedicated to the production of aircraft parts made of composite and thermoplastic materials. Primary products include floor panels, air control system ducts and non-structural composite flight deck components.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-19 Rolls-Royce Gear Systems

Park City, Utah, United States

Rolls-Royce Gear Systems specializes in the design, development, manufacture, sale and repair of gearboxes, high-lift flight control actuators and gear-driven actuators and gears for the aerospace industry. Primary products include aircraft and engine mounted accessory drives, utility actuation components and systems, high-lift actuation systems and flight trim actuators for both civil and military application.

Buy $55M

Seller(S) 1

SELLER

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 1 of 12
Sector (Aerospace) 1 of 2
Type (Divestiture) 1 of 12
State (Ohio) 1 of 5
Country (United States) 1 of 11
Year (2003) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 WEBB Enterprises

West Fargo, North Dakota, United States

WEBB Enterprises supplies the Model 600, 650 and 700 fuel water separator/fuel warmer/fuel filter, the Dial your Oil Change automatic engine oil change systems, fuel tank heaters, heavy-duty 4 way flasher controls, and other diesel engine accessories. WEBB’s products are recognized and installed by all major truck OEM’s. In October 2003, WEBB was sold to Parker-Hannifin Corporation, and the company was consolidated with Parker's Racor division.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-03 T Squared Manufacturing

Lincoln Park, New Jersey, United States

Buy -
Mergr

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