Tuesday, November 11, 2025 (Chicago, Ill.) — Madison Industries today announced that it has entered into a definitive agreement to sell Filtration Group, an innovator in filtration and separation science, to Parker-Hannifin Corporation (NYSE:PH) for $9.25 billion.

Parker is an organization that shares Filtration Group’s values, passion for innovation and commitment to providing filtration and separation science solutions that solve mission-critical challenges. As part of Parker, Filtration Group will benefit from additional scale and investment that will unlock new ways to partner with customers, innovate with purpose and make a positive impact on the world.

Filtration Group’s Facet business will not be included in the sale and will remain with Madison Industries. Including the value of Facet, Filtration Group is valued at more than $10 billion.

“Filtration Group’s growth story is nothing short of remarkable,” said Madison Industries Founder and CEO Larry Gies. “I know that Parker is the right next home for Filtration Group. Parker’s winning strategy that empowers its people, focuses on customer experience, drives profitable growth and delivers top financial performance will both honor the legacy of Filtration Group and unlock new opportunities to scale and grow.”

“Joining Parker will mark the beginning of an exciting new chapter for Filtration Group team members and customers,” added Filtration Group President and CEO Jon Pratt. “This acquisition will bring together two companies with deeply aligned cultures and a commitment to innovation. After years of building an innovative filtration and separation science business and creating incredible value as a private company, Filtration Group looks forward to its next chapter as part of Parker.”

The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals, and is expected to close in 2026.

Lincoln International’s Rob Brown and Bobby Reifman served as financial advisors to Madison while Brian Richards of Paul Hastings acted as legal advisor.

More information about the transaction is available in Parker’s press release here.

About Madison Industries

Madison is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential. Please visit us at www.madison.net.