Deal Summary

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.

About BellMark Partners, LLC

BellMark Partners, LLC is an independent investment bank that provides M&A advisory and investment banking services to middle market companies in the business & technology services, consumer, industrials and healthcare industries. We advise family, entrepreneur, and other privately-owned companies; private equity and family office-owned companies; and small to mid-cap public companies. Our services include mergers and acquisitions, capital raising and strategic advisory services. Our Managing Directors have collectively executed and closed more than 400 transactions during their professional careers, and previously worked as senior bankers for firms such KeyBanc Capital Markets, Inc., BankBoston Robertson Stephens, Fleet Securities, Inc. and Covington Associates LLC.