Rehlko will sell its Curtis Instruments business to Parker Hannifin Corporation for approximately $1 billion in cash.
The transaction, which is expected to close by the end of calendar year 2025, reflects Rehlko’s strategic focus on strengthening its core enterprise capabilities.
“Rehlko is proud of the legacy and performance of Curtis as a high-performing, innovation-driven business,” said Brian Melka, President and chief executive officer of Rehlko. “Parker is an exceptional company and we are confident Curtis will thrive from Parker’s increased scale, focus, and investment.”
Rehlko’s decision to transition Curtis aligns with its disciplined portfolio management approach. The move positions both Rehlko and Curtis to pursue independent growth strategies, focused on accelerating innovation and expanding customer impact. Rehlko was acquired by Platinum Equity in 2024.
“This transaction is aligned with the long-term electrification secular trend and meets our disciplined financial criteria for acquisitions designed to create shareholder value,” said Jenny Parmentier, Chairman and Chief Executive Officer of Parker. “Curtis adds complementary technologies to our existing industrial electrification platform, better positioning us to serve our customers as they continue the adoption of more electric and hybrid solutions. Rehlko and Platinum Equity have been good stewards of the business and great partners throughout this process.”
Platinum Equity praised the deal and said it’s part of an ongoing strategic process to optimize Rehlko’s portfolio that also includes expected investments in buy-side.
Until the transaction closes, Curtis will continue to operate as part of Rehlko.
BofA Securities, Inc. and Goldman Sachs & Co. LLC are serving as financial advisors and Gibson Dunn & Crutcher LLP is serving as legal counsel to Rehlko. Guggenheim Securities, LLC is serving as financial advisor, Jones Day is serving as principal deal counsel, and Eversheds Sutherland is serving as European legal counsel to Parker.
