SPX Technologies to acquire ASPEQ Parent Holdings

SPX Technologies, through its subsidiaries SPX Enterprises and SPX Electric Heat, entered into an Agreement and Plan of Merger to acquire ASPEQ Parent Holdings, Inc. Industrial Growth Partners V, L.P. is acting as the representative of ASPEQ's stockholders.

“SPX Enterprises and SPX Electric Heat, Inc., a wholly owned subsidiary of SPX Enterprises (“Merger Sub”), entered into an Agreement and Plan of Merger dated as of April 28, 2023 (the “Merger Agreement”) with ASPEQ Parent Holdings, Inc., a Delaware corporation (“ASPEQ”), and Industrial Growth Partners V, L.P., as representative of the stockholders of ASPEQ (the “Representative”), providing for the acquisition by SPX Enterprises of ASPEQ.”

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