Parkson is a supplier of equipment and solutions for potable water, process water, and industrial and municipal wastewater applications. Parkson designs, engineers and assembles the products it sells into the municipal wastewater and industrial wastewater segments. The company was founded in 1960 and has been owned by Axel Johnson Inc. since 1967.
Axel Johnson Inc. (AJI) is a private family company with roots dating back to 1873. AJI seeks to identify, acquire, and build companies that offer the potential to earn attractive returns on the owner’s capital, as well as, the opportunity to make a positive contribution to society. All of the company’s businesses meet both tests.
Importantly, AJI is an owner and operator of businesses, not an investor. AJI and the Johnson family seek to build enterprise value over the long term by continuously investing in the growth and development of the companies they own. They seek management teams that share these values, that can develop a compelling vision for their company’s future, and that are motivated to build a competitive and lasting business.
While the company is privately held by Axel Johnson Inc, headquartered in New York City, Parkson is headquartered in Fort Lauderdale and is a wholly-owned subsidiary of the parent.
Parkson is poised for significant growth, both organically and acquisitively in multiple market segments.
The company is organized into a business unit structure to focus on four critical growth markets: North American Municipal, Industrial Systems, Aftermarket and Services, and International.
The company refined its mission and values and has an ambitious strategic planning process to grow and drive profitability. Parkson is branded around the core business of “Treating Water Right,” which defines its future business ambitions focused around the core water market.