Parker to Acquire Curtis Instruments for $1 Billion in Strategic Electrification Move
Deal News | Jun 30, 2025 | Globenewswire
Parker Hannifin Corporation, a leader in motion and control technologies, has announced an agreement to acquire Curtis Instruments, Inc. for approximately $1 billion in cash from Rehlko. The transaction, contingent on customary closing conditions and regulatory approvals, is expected to finalize by the end of 2025. Curtis Instruments, known for motor speed controllers and instrumentation, complements Parker’s electric vehicle motors and electrification technologies. With anticipated 2025 sales of $320 million, Curtis enhances Parker's industrial electrification platform. Jenny Parmentier, CEO of Parker, emphasizes the acquisition’s alignment with long-term electrification trends and anticipates operational synergies. Financial advisors for Parker include Guggenheim Securities, and legal counsel by Jones Day and Eversheds Sutherland. Rehlko’s advisors include BofA Securities, Goldman Sachs, and Gibson Dunn. The acquisition is viewed positively by Rehlko and its sponsor, Platinum Equity, underscoring the synergy between Parker and Curtis. Parker, a Fortune 250 company, cautions investors about forward-looking statements due to potential uncertainties.
Sectors
- Electrification
- Industrial Technology
- Mergers and Acquisitions
Geography
- United States – Parker Hannifin Corporation is based in Cleveland, Ohio, and Curtis Instruments is located in the United States, making it the primary geography of the article.
Industry
- Electrification – The article focuses on Parker Hannifin expanding its electrification capabilities with the acquisition of Curtis Instruments, indicating that the electrification industry is a central theme.
- Industrial Technology – Curtis Instruments' products like motor speed controllers and power conversion solutions are integral to industrial technology, which is a focus of the acquisition.
- Mergers and Acquisitions – The article is centered around Parker Hannifin’s acquisition of Curtis Instruments, highlighting significant M&A activity.
Financials
- $1 billion – The acquisition price Parker Hannifin is paying to acquire Curtis Instruments from Rehlko.
- $320 million – The expected sales figure for Curtis Instruments for the calendar year 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Parker Hannifin Corporation | Acquirer | Company | A global leader in motion and control technologies, Parker Hannifin is acquiring Curtis Instruments to expand its electrification offerings. |
| Curtis Instruments, Inc. | Target | Company | Curtis Instruments designs and manufactures motor speed controllers and other technologies, now being acquired by Parker Hannifin. |
| Rehlko | Seller | Company | The owner of Curtis Instruments, from which Parker Hannifin is acquiring the company. |
| Platinum Equity | Financial Sponsor | Company | The private equity firm backing Rehlko, supporting the sale of Curtis Instruments to Parker Hannifin. |
| Guggenheim Securities, LLC | Financial Advisor to Parker | Company | Providing financial advisory services to Parker Hannifin for the acquisition. |
| Jones Day | Principal Deal Counsel to Parker | Company | The main legal firm advising Parker Hannifin on the deal. |
| Eversheds Sutherland | European Legal Counsel to Parker | Company | Providing European legal counsel to Parker for the acquisition. |
| BofA Securities, Inc. | Financial Advisor to Rehlko | Company | Advising Rehlko on the financial aspects of the sale of Curtis Instruments. |
| Goldman Sachs & Co. LLC | Financial Advisor to Rehlko | Company | Co-advisor with BofA Securities for Rehlko on the transaction. |
| Gibson Dunn & Crutcher LLP | Legal Counsel to Rehlko | Company | Providing legal services to Rehlko in the transaction. |