Majority stake Announced Dec 2025
SPX Technologies to Acquire Crawford United for $300M
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Parties
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
SPX Technologies announced a definitive agreement to acquire Crawford United Corporation for an estimated $83.42 per share in cash, representing an aggregate transaction value of $300 million. The deal expands SPX's HVAC capabilities with Crawford United's Commercial Air-Handling Equipment segment, which includes Air Enterprises and Rahn Industries.