Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Olaer Group Limited
Sale to Parker Hannifin Corporation
Baird served as the exclusive financial advisor to Olaer Group Limited on this transaction
Olaer Group (“Olaer” or the “Company”), a portfolio company of Gresham Private Equity (“Gresham”), recently completed the Company’s sale to Parker Hannifin Corporation (“Parker”) (NYSE:PH). Terms of the transaction were not disclosed.
Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling technologies for the energy, mobile and industrial markets. The Company employs 550 people, with manufacturing facilities in the United Kingdom, France, Sweden and China and sales offices in 14 other countries. Olaer is headquartered in Deeside, UK.
Parker Hannifin is a global leader in motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker employs approximately 58,000 people in 47 countries.
Gresham, based in the UK, is a private equity investor that specialises in UK mid-market deals typically valued up to £100 million. Gresham has expertise in the Support Services, Consumer, Financial Services, Healthcare/Pharmaceutical, Industrial Products, Energy and Environmental sectors.