A team of law firms is advising on the acquisition of Filtration Group by Parker Hannifin. Jones Day is serving as the primary legal counsel for Parker Hannifin, with Eversheds Sutherland providing European legal advice. Paul Hastings is representing Filtration Group and its owner, Madison Industries.
The transaction values the filtration technology business at $9.25 billion. Parker Hannifin expects to fund the purchase through a combination of new debt and available cash, with the deal's completion projected within six to twelve months. The acquiring company estimates that the merger will yield significant cost synergies, projected to reach approximately $220 million before taxes within three years after closing.
The transaction values the filtration technology business at $9.25 billion. Parker Hannifin expects to fund the purchase through a combination of new debt and available cash, with the deal's completion projected within six to twelve months. The acquiring company estimates that the merger will yield significant cost synergies, projected to reach approximately $220 million before taxes within three years after closing.
