BellMark Partners, LLC advised Parker-Hannifin Corporation (“the Company”) on the divestiture of Total Filtration Services, Inc. (“TFS”), to an undisclosed strategic buyer.
Business Description
Total Filtration Services, Inc. is a leading full-service distributor of air and liquid filtration products and provider of value-added services to a broad range of major industrial end markets, including automotive, aerospace, general industrial, chemical, integrated supply, food & beverage, and commercial office buildings, among others. TFS is one of the largest distributors of in-plant MRO filtration products in the United States, carrying a complete portfolio of over 60,000 SKUs across HVAC & paint, liquid process, air pollution control, high purity water, compressed air, and hydraulic filtration applications. TFS, previously part of the Parker Filtration Group, is headquartered in Troy, Michigan and maintains a national network of 13 distribution and service facilities.
Transaction Description
BellMark Partners, LLC acted as Parker-Hannifin Corporation’s exclusive financial advisor in connection with this transaction. BellMark Partners, LLC was selected by the Company due to its industrial distribution expertise and its senior-level attention to transaction execution.