SPX Technologies to acquire ASPEQ Heating Group from Industrial Growth Partners

SPX Technologies entered an agreement to purchase ASPEQ Heating Group from PE firm Industrial Growth Partners; ASPEQ will join SPX's HVAC Heating platform within its electrical heating business.

“SPX Technologies, parent company of cooling and heating divisions with brands including Marley cooling towers, Weil-McLain and Patterson-Kelley, has entered into an agreement to purchase ASPEQ Heating Group from Industrial Growth Partners, a San Francisco-based private equity firm.”

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