Infrastructure M&A Deal Spotlight - Test

Parker-Hannifin Acquires Clarcor for $4.3 billion

In its biggest acquisition to date, Parker-Hannifin Corporation (Parker) is expanding its portfolio of industrial filters by agreeing to acquire Clarcor Inc. (Clarcor), a marketer and manufacturer of mobile, industrial and environmental filtration products, for an enterprise value of $4.3 billion including debt.  The transaction pricing resulted in a deal value of EV/sales of 3.1x and EV/EBITDA of 17.2x.

Infrastructure Deal of the Month