ASPEQ / Industrial Growth Partners Add-On Acquisition of Spectrum, Inc.
February 17, 2021
ASPEQ Heating Group LLC, a PE-backed manufacturer of electric heating and thermal management products, acquired certain business assets and product lines of Spectrum, Inc., a Cleveland-area maker of track switch heaters, hot air blowers and rail thaw-shed heaters. The add-on strengthens ASPEQ's position in the rail market (Class 1 freight, regional and commuter rail) and brings new manufacturing technologies and capabilities to ASPEQ.
- Targets
- Spectrum, Inc.
- Sellers
- Spectrum, Inc.
- Platforms
- ASPEQ Heating Group LLC
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Addon
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