SPX Technologies Acquires Crawford United for Approximately $300 Million
February 6, 2026
SPX Technologies has completed its acquisition of Crawford United Corporation in an approximately $300 million transaction. The deal adds Crawford United’s Commercial Air-Handling Equipment segment (Air Enterprises and Rahn Industries) to expand SPX’s HVAC capabilities, while its Industrial and Transportation Products segment is being treated as non-core and planned for sale.
- Buyers
- SPX Technologies, Inc.
- Targets
- Crawford United Corporation
- Industry
- Industrial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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