SPX Technologies Acquires ASPEQ Heating Group from Industrial Growth Partners for $418M
June 2, 2023
SPX Technologies (NYSE: SPXC) acquired ASPEQ Heating Group, a St. Louis-based provider of custom electric heating and thermal management products, for approximately $418 million. The transaction closed in June 2023 and expands SPX's HVAC heating portfolio by adding ASPEQ's brands and capabilities; the seller was private equity firm Industrial Growth Partners.
- Buyers
- SPX Technologies
- Targets
- ASPEQ Heating Group
- Sellers
- Industrial Growth Partners
- Industry
- Manufacturing
- Location
- Missouri, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.