SPX Technologies to Acquire Crawford United for $300M

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.

“SPX Technologies, Inc. (NYSE:SPXC) (“SPX” or the “Company”) and Crawford United Corporation (OTC: CRAWA) (“Crawford United”) announced today that they have entered into a definitive agreement for SPX to acquire Crawford United, a Cleveland-based holding company with a broad portfolio of highly engineered air handling and industrial products.”

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