Sale to Parker Hannifin Corporation

Industrial
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.

For additional information about this transaction, please contact:

Steve Guy (414) 765-7247
Tom Lacy (414) 298-7648
Michael Wolff +49 (0) 172 687 7038
Anthony Siu +86 (21) 618 209 80
Industrial
Sale to Parker Hannifin Corporation
Date
November 2012
Company
Velcon Filters, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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