Parker Hannifin Expands Moatworthy Aerospace Components Portfolio With Circor Acquisition
Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.
United States