PH · 10-K · 2026A · Full report

Acquisition / Partnership / Divestiture

Parker-Hannifin Corp · 2026-08-21 · Importance 71 · Surprise 60 · In source text

Parker completed its acquisition of Curtis on September 18, 2025, for approximately $1.0 billion, net of cash acquired; the acquisition increased Diversified Industrial sales by approximately $237 million in fiscal 2026. On August 13, 2026, Parker completed the FGC acquisition from Madison Industries for $9.25 billion in cash. Parker also agreed on May 21, 2026, to acquire CIRCOR Aerospace for approximately $2.55 billion in cash, with closing expected in the second half of calendar 2026 subject to customary conditions and regulatory approvals. The CIRCOR purchase is expected to be funded with new debt and cash.

Key facts

• On May 21, 2026, Parker-Hannifin announced a definitive agreement to acquire CIRCOR Aerospace for approximately $2.55 billion in cash; the transaction was expected to close in the second half of calendar 2026, subject to customary closing conditions including regulatory approvals. source
• Parker-Hannifin completed the FGC acquisition from Madison Industries on August 13, 2026, for a cash purchase price of $9.25 billion. source
• Parker-Hannifin used $1.0 billion in cash for the Curtis acquisition in 2026. source
• Parker-Hannifin completed its acquisition of Curtis on September 18, 2025, for approximately $1.0 billion net of cash acquired. source
• Parker-Hannifin received $621 million in net proceeds in 2025 from divesting its composites and fuel containment business and non-core filtration business. source
• Parker-Hannifin expected to fund the CIRCOR Aerospace acquisition with a combination of new debt and cash. source

Impact estimates