Donaldson Company, Inc. announced the completion of its $820 million acquisition of Facet Filtration, a specialist in mission‑critical fuel and fluid filtration for the jet fuel market, on May 4 2026. The transaction adds Facet’s high‑margin, recurring‑revenue business to Donaldson’s Industrial Solutions portfolio and expands the company’s presence in aerospace and defense.
Facet’s portfolio includes jet fuel filtration systems that serve aircraft manufacturers, airlines, and defense contractors. Approximately 70 % of Facet’s revenue comes from regulated replacement parts, providing Donaldson with a stable, high‑margin aftermarket stream that complements its existing industrial and mobile solutions.
The purchase price of $820 million represents roughly 20.0× the calendar‑year 2025 EBITDA of Facet, or 16.6× when adjusted for expected tax benefits and cost synergies. The deal is expected to be immediately margin accretive and EPS accretive in fiscal year 2027, adding nearly $110 million in sales and strengthening Donaldson’s gross and EBITDA margins.
Management highlighted the strategic fit: “Facet is a valuable, strategic addition to our Industrial Solutions business, increasing our exposure to attractive, durable end markets that require high‑performance filtration solutions,” said Tod Carpenter, chairman, president and CEO. Rich Lewis, president and CEO, added that the acquisition “brings a highly complementary product portfolio with attractive margins and growth rates, enhancing our Industrial Solutions business.”
The acquisition positions Donaldson to serve a broader customer base in the aerospace and defense sectors, while leveraging Facet’s recurring revenue model to drive long‑term profitability. The transaction is expected to accelerate Donaldson’s high‑margin, high‑growth segment and create cross‑sell opportunities with its existing industrial and mobile solutions customers.
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