Overview
- Parker-Hannifin announced a definitive agreement to acquire Filtration Group for $9.25 billion, with closing targeted in six to twelve months pending regulatory approvals.
- The purchase will be funded with a mix of new debt and cash on hand.
- Filtration Group, an affiliate of Madison Industries, projects about $2 billion in 2025 sales with roughly 85% from aftermarket channels and employs about 7,500 people.
- Chief executive Jenny Parmentier said the combination positions the company to be one of the largest global industrial filtration businesses.
- Parker expects approximately $220 million in annual cost synergies by year three and targets stronger growth, margins, and cash flow.