Parker-Hannifin Corporation (PH) announced the completion of its previously disclosed acquisition of Filtration Group Corporation on August 13, 2026. The all-cash transaction was valued at $9.25 billion on a cash-free, debt-free basis.
Key Details
- Transaction Terms: The acquisition of Filtration Group Corporation was completed for a cash purchase price of $9.25 billion, subject to a net working capital adjustment.
- Acquisition Financing: To fund a portion of the purchase, Parker borrowed a total of $7.75 billion on August 13, 2026, consisting of $5.25 billion from a 364-day term loan facility and $2.50 billion from a three-year term loan facility.
- Timeline: The merger was originally agreed upon when the companies entered into an Agreement and Plan of Merger on November 10, 2025.