1. Home >
  2. Companies >
  3. Machinery >
  4. United States >
  5. Ohio >
  6. Parker Hannifin

Parker Hannifin - M&A Summary and Business Overview

MachineryCompany

Parker Hannifin M&A Summary

Parker Hannifin has acquired 78 companies, including 2 in the last 5 years. A total of 14 acquisitions came from private equity firms. It has also divested 12 assets.

Parker Hannifin’s largest acquisition to date was in 2022, when it acquired Meggitt for $9.7B. It’s largest disclosed sale occurred in 2022, when it sold Parker-Hannifin Aircraft Wheel & Brake Division to Kaman for $440M. Parker Hannifin has acquired in 19 different US states, and 16 countries. The Company’s most targeted sectors include manufacturing (52%) and machinery (15%).

Parker Hannifin Business Overview

Where is Parker Hannifin headquartered?

Parker Hannifin is headquartered in Cleveland, Ohio.

What is Parker Hannifin’s revenue?

Parker Hannifin disclosed revenue of 19,930M USD for 2024 and 19,065M USD for 2023.

How many employees does Parker Hannifin have?

Parker Hannifin has 61,120 employees.

What sector is Parker Hannifin in?

Parker Hannifin is a machinery company.

When was Parker Hannifin founded?

Parker Hannifin was founded in 1917.

M&A Summary

  • M&A Total Activity86
    • M&A Buy Activity74
    • M&A Sell Activity12
  • Total Sectors Invested 13
  • Total Countries Invested 16
  • M&A Buy/Sell Connections 46
  • M&A Advisors 9

Parker Hannifin

Parker Hannifin Corp.

6035 Parkland Boulevard,
Cleveland, Ohio 44124
United States,
(216) 896-3000
www.parker.com

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.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 72 - 1 - - 1 74
vol $8.8B $9.7B $1.0B $19.5B
Sell (0.6/yr) # 9 - 1 1 1 - 12
vol $440M $440M
  86

Most Recent M&A

Company Date Value Type
Curtis Instruments, Inc. 2025-06-30 1.0B USD Divestiture
Mount Kisco, New York · www.curtisinstruments.com
Composites & Fuel Containment Division 2024-07-29 - Divestiture
Erlanger, Kentucky
Filter Resources, Inc. 2023-12-05 - Divestiture
Pasadena, Texas · www.filterresources.com
Meggitt PLC 2022-08-02 9.7B GBP Add-on Acquisition
Coventry, United Kingdom · www.meggitt.com
Parker-Hannifin Aircraft Wheel & Brake Division 2022-05-23 440M USD Divestiture
Avon, Ohio
LORD Corp. 2019-04-29 3.7B USD Add-on Acquisition
Drive Cary, North Carolina · www.lord.com
Parker Hannifin Corp. - Precision Cooling Business 2019-01-14 - Divestiture
Cleveland, Ohio
LS Energy Solutions LLC 2018-12-04 - Divestiture
Charlotte, North Carolina · www.ls-es.com
Facet Filtration 2018-05-03 - Divestiture
Tulsa, Oklahoma · www.facetfiltration.com
Helac Corp. 2017-02-01 - Add-on Acquisition
Enumclaw, Washington · www.helac.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 38 (51%) 565M (3%) 4 (33%) -
Machinery 11 (15%) 4.3B (22%) 1 (8%) -
Electrical Equipment 4 (5%) 277M (1%) 1 (8%) -
Chemicals 3 (4%) 3.7B (19%) 1 (8%) -
Engineering 3 (4%) 9.7B (50%) - -
Plastics 3 (4%) - - -
Automotive 2 (3%) - 1 (8%) -
Energy Services and Equipment 1 (1%) - 2 (17%) -
Electronics 2 (3%) - - -
Healthcare Services 2 (3%) - - -
Medical Products 2 (3%) - - -
Technology Hardware 2 (3%) 1.0B (5%) - -
Aerospace - - 2 (17%) 440M (100%)
Distribution 1 (1%) - - -
Total 74 $19.5B 12 $440M

By Geo

State/Country Buy Value Sell Value
United States 42 9.7B 11 440M
  Texas 7 - 2 -
  Ohio 1 - 5 440M
  California 5 497M - -
  North Carolina 4 3.9B 1 -
  Washington 3 - - -
  Pennsylvania 3 - - -
  New York 3 1.0B - -
  Virginia 2 - - -
  New Jersey 2 - - -
  Illinois 2 - - -
  Florida 2 - - -
  Wisconsin 1 - - -
  Tennessee 1 4.3B - -
  South Carolina 1 - - -
  North Dakota 1 - - -
  Missouri 1 - - -
  Massachusetts 1 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
  Oklahoma - - 1 -
  Maine - - 1 -
  Kentucky - - 1 -
United Kingdom 8 9.7B - -
Germany 5 - - -
Canada 3 - - -
  Quebec 1 - - -
  Ontario 1 - - -
  Manitoba 1 - - -
Italy 2 68M 1 -
Brazil 2 - - -
India 2 - - -
Netherlands 2 - - -
1 - - -
  New Jersey 1 - - -
Australia 1 - - -
France 1 - - -
Japan 1 - - -
Malaysia 1 - - -
North Korea 1 - - -
Singapore 1 - - -
South Korea 1 - - -
Domestic 42 (57%) 9.7B (50%) 11 (92%) 440M (100%)
Cross-border 32 (43%) 9.8B (50%) 1 (8%) -
Total 74 $19.5B 12 $440M

Top M&A Advisors

Financial Deals
Morgan Stanley
 2
Guggenheim Securities
 1
Lazard
 1
Legal Deals
Jones Day
 3
Eversheds LLP
 2
Cravath, Swaine & Moore
 1

Deal Values

buy # Total
> $1B 4 $18.7B
$100M to $1B 2 $761M
< $100M 2 $80M
TOTAL $19.5B
Largest Meggitt PLC
$9.7B (2022-08-02)
sell # Total
$100M to $1B 1 $440M
TOTAL $440M
Largest Parker-Hannifin Aircraft Wheel & Brake Division
$440M (2022-05-23)

M&A Connections

Deals
Acquired from
Investor(s)
14%
10 (14%)
Strategic(s)
31%
23 (31%)
Divested to
Investor(s)
17%
2 (17%)
Strategic(s)
83%
10 (83%)

Company Summary

SECTOR

Machinery

Revenue

19,930   5% 2024
19,065   21% 2023
15,862   11% 2022
14,348   5% 2021
13,696   5% 2020
14,320   1% 2019
14,302   19% 2018
12,029   6% 2017
11,361   11% 2016
12,712   4% 2015
13,216   2% 2014
13,015   2013
(millions of USD) Show More Show Less

Employees

61,120

Established

1917

Public

NYSE: PH

Former Name

Parker Appliance Co.

 Subscribe to unlock this and 215,016
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
Get Full Access

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore a company's M&A activity, ownership history, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Get Full Access

Full access to Mergr's investor, acquirer, and transaction data starts here.

Related Lists for Parker Hannifin

Machinery Companies

Related Lists for Machinery Companies

Largest Machinery Companies , Acquisitive Machinery Companies , Recently Acquired Machinery Companies , Recently Sold Machinery Companies , Private Machinery Companies , Public Machinery Companies , Acquired Machinery Companies , PE Backed Machinery Companies
Mergr

Solution for

Product

Company

Legal