Deal Details
Sale to Parker Hannifin Corporation
Summary
Baird served as the exclusive financial advisor to Velcon Filters, LLC
About
Velcon Filters, LLC (“Velcon” or the “Company”), a portfolio company of The Sterling Group LP (“Sterling”), has been acquired by Parker Hannifin Corporation (NYSE:PH). Terms of the transaction were not disclosed.Velcon is a leading manufacturer of fluid filtration products used in aviation, oil & gas, water, industrial diesel, industrial process and utility applications. The Company offers a comprehensive range of specialized products, including consumable cartridges, systems, vessels and related equipment designed to ensure specified levels of purity in a variety of industrial fluids. Velcon operates on a global basis with sales to more than 120 different countries. Velcon is headquartered in Colorado Springs, Colorado.
Parker Hannifin is a leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Parker Hannifin employs approximately 60,000 people in 48 countries around the world.
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- Date
- November 2012
- Company
- Velcon Filters, LLC
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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