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Parker Hannifin (Formerly Parker Appliance Company)
World's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace…
About Parker Hannifin (Formerly Parker Appliance Company)
Parker Hannifin, originally known as the Parker Appliance Company, was founded in 1917 by Arthur L. Parker. The company began its journey in Cleveland, Ohio, with a focus on pneumatic brake systems for trucks and buses. Arthur Parker's vision was to create a company that could provide innovative solutions in motion and control technologies.
In the early years, Parker faced significant challenges, including the Great Depression, which tested the resilience of the company. However, Parker's commitment to innovation and quality helped it survive and eventually thrive. The company expanded its product offerings to include a wide range of motion and control technologies, serving various industries such as aerospace, climate control, electromechanical, filtration, and hydraulics.
A significant milestone in Parker's history was its initial public offering (IPO) in 1964, which provided the company with the capital needed to expand its operations globally. This move marked the beginning of Parker's transformation into a global leader in motion and control technologies.
Over the decades, Parker Hannifin has continued to grow through strategic acquisitions and innovations. The company's ability to adapt to changing market demands and its focus on engineering excellence have been key to its long-term success. Today, Parker Hannifin is recognized as a Fortune 250 company, with a presence in over 50 countries and a reputation for engineering solutions that enable a cleaner and more sustainable future.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1917
- Headquarters
- Cleveland, United States
- Listing
- IPO 1978
- Employees
- 32,604
- Open positions
- 1,162
- Dealroom signal
- 28.0/100
- Industry
- Engineering and Manufacturing Equipment
- Sector
- Engineering and Manufacturing Equipment, Horizon Europe
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 12 companies, latest Sep 2026
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO EQUITY✓Other financing | Aug 2023 | $104M | — | Great Lakes Advisors | ↗ |
| POST IPO EQUITY✓Other financing | Aug 2023 | $387M | — | Boston Partners | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Parker Hannifin (Formerly Parker Appliance Company) is 1.3M monthly website visits, up 18.2% over the last three months. Parker Hannifin (Formerly Parker Appliance Company)'s team grew 0% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Olaer GroupLondon, United KingdomOlaer Group manufactures, markets, and distributes hydraulic accumulators, oil coolers, and filters
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SK
SSD KoreaSeoul, South KoreaSSD Korea Co, Ltd of Seoul, Korea SSD Korea is focused on sales, distribution, system integration and application support for
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HE
HDA Acessorios e EquipamentosSão Paulo, BrazilManufacturer of hydraulic filters and accessories typically used in the mobile equipment, industrial and agriculture markets
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RE
RectusLeipzig, GermanyLeader in motion & control technology. #Aerospace #Climate #Electromechanical #Filtration #FluidGas #Hydraulics #IoT #Pneumatics #Process #Sealing @ParkerStore
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KP
Kuroda PneumaticsAsahi, JapanKuroda Pneumatics Ltd takes over “DNA of precise manufacturing technology such as gauge manufacturing technology from Kuroda Precision
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HC
Herl CompanyTrier, GermanyLeader in motion & control technology. #Aerospace #Climate #Electromechanical #Filtration #FluidGas #Hydraulics #IoT #Pneumatics #Process #Sealing @ParkerStore
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HY
HydroflexToluca, MexicoHydroflex SA de CV, a leading Mexican manufacturer of hydraulic hose, fittings and adaptors
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Advanced Propulsion Centre UK
Series B and later2 investors entered at this stage
Great Lakes Advisors- BPBoston Partners
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Parker Hannifin (Formerly Parker Appliance Company) on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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