ASPEQ (backed by Industrial Growth Partners) Acquires Solar Products, Inc.
July 1, 2022
ASPEQ Heating Group, a St. Louis-based manufacturer of electric heating and thermal management products, acquired certain business assets and product lines of Solar Products, Inc., a Pompton Lakes, New Jersey manufacturer of custom infrared electric heaters. The deal is an add-on acquisition supported by ASPEQ’s sponsor, Industrial Growth Partners, intended to expand manufacturing capabilities, product technologies, and customer reach across industrial end markets.
- Targets
- Solar Products, Inc.
- Sellers
- Solar Products, Inc.
- Platforms
- ASPEQ Heating Group LLC
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Addon
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