Deal Summary

FR > Parker > MCE > Frontenac

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.

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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.