BellMark Partners, LLC advised Parker-Hannifin Corporation (“the Company”) in the divestiture of Parker Hannifin Filtration (Houston), LLC, dba Filter Resources, Inc. (“the Business”), to Motion & Control Enterprises, LLC (“MCE”), a portfolio company of Frontenac. Headquartered in Zelienople, PA, MCE is a supplier of technical fluid power, automation, flow control, compressed air products, service, and repair solutions. MCE serves more than 25,000 OEM and end-user customers from 46 facilities across 14 states.
Business Description
Filter Resources, Inc. is a full-service distributor of mission critical, process filtration products for the downstream O&G, petrochemical, and specialty chemical markets, offering a complete range of liquid and air process filtration solutions. The Business operates from two locations in Lake Charles, LA and Pasadena, TX and was previously part of the Parker Industrial Process Filtration Division.
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.