08/17/2026
Parker Hannifin Corporation announced it has completed its previously announced acquisition of Filtration Group Corporation.
“The close of this transaction marks another milestone in our ongoing portfolio transformation, and we welcome our new team members to Parker,” said Jenny Parmentier, Chairman and CEO, Parker. “Strategically, the combination of our businesses creates a powerhouse offering of complementary filtration technologies and aftermarket presence we believe strengthens our ability to serve customers globally. Using The Win StrategyTM, the acquisition is expected to compound earnings per share growth and create shareholder value.”
Filtration Group Corporation adds to Parker’s portfolio of highly engineered products and leverages deep technical and application knowledge to serve key growth markets, including life sciences, HVACR and in-plant and industrial. The company’s collection of established product brands is validated, specified and often sole-sourced. These capabilities complement Parker’s interconnected technology portfolio and increase its aftermarket presence, which the company expects will create strong recurring revenue streams across multiple product platforms.
“Having built a high-performing business, the talented team at Filtration Group Corporation will find an excellent fit at Parker. We share a commitment to advancing filtration solutions that protect and purify for our customers around the world, and bringing our businesses together will enable us to deliver even greater value,” said Matt Jacobson, President, Parker’s Filtration Group.
Filtration Group Corporation is expected to add approximately $1.8 billion to Parker’s fiscal 2027 sales in the first 10.5 months of ownership. Approximately 60% of sales are expected in the diversified industrial segment North America businesses, and 40% in the international businesses. The acquisition is expected to be neutral to adjusted EPS in the first quarter of fiscal 2027 and accretive to adjusted EPS for the full year fiscal 2027. Parker estimates pre-tax cost synergies of approximately $220 million by the end of year three.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, the company has been enabling engineering breakthroughs leading to a better tomorrow. It has increased its annual dividend per share paid to shareholders for 70 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit https://www.parker.com.
