Mergers & Acquisitions ·
Parker-Hannifin Corporation completed its acquisition of Filtration Group Corporation on August 13, 2026
PHParker-Hannifin Corp
Parker-Hannifin Corporation completed its acquisition of Filtration Group Corporation on August 13, 2026. The merger was executed on a cash-free, debt-free basis for a purchase price of $9.25 billion, subject to net working capital adjustments. To finance the transaction and related expenses, Parker-Hannifin borrowed $5.25 billion under its 364-Day Credit Facility with Barclays Bank PLC and $2.50 billion under its Three-Year Term Loan Agreement with KeyBank National Association. This industrial manufacturing company designs and manufactures motion and control technologies and systems.