SPX Mergers and Acquisitions Summary

Machinery Company

SPX has acquired 16 companies, including 2 in the last 5 years. It has also divested 23 assets.

SPX’s largest acquisition to date was in 1998, when it acquired General Signal for $2.3B. It’s largest disclosed sale occurred in 2004, when it sold Edwards Systems Technology to General Electric for $1.4B. SPX has acquired in 8 different US states, and 6 countries. The Company’s most targeted sectors include machinery (38%) and manufacturing (19%).

Join Mergr and gain access to SPX’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity16
    • M&A Sell Activity23
  • Total Sectors Invested 6
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 34
  • M&A Advisors 3

SPX Corp.

13320-A Ballantyne Corporate Place,
Charlotte, North Carolina 28277
United States,
(980) 474-3700
www.spx.com

SPX is a global supplier of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX was formed in 1911 and is based in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 14 - - 2 - - 16
vol $5.5B $189M $5.6B
Sell (0.4/yr) # 21 1 - 1 - - 23
vol $3.1B $3.1B
  39

Most Recent M&A

Company Date Value Type
SPX Heat Transfer LLC 2018-07-02 - Divestiture
Tulsa, Oklahoma · www.spxheattransfer.com
CUES, Inc. 2018-04-23 189M USD Add-on Acquisition
Orlando, Florida · www.cuesinc.com
Schonstedt Instrument Co. 2018-03-01 - Add-on Acquisition
Kearneysville, West Virginia · www.schonstedt.com
Balcke-Dürr GmbH 2016-11-23 - Divestiture
Ratingen, Germany · www.balcke-duerr.de
SPX Corp - Dry Cooling Business 2015-12-14 48M USD Divestiture
, Belgium
PCX Aerostructures LLC 2014-04-21 62M USD Divestiture
Newington, Connecticut · www.pcxaero.com
Thermal Product Solutions, Inc. 2014-03-03 43M USD Divestiture
New Columbia, Pennsylvania · www.thermalproductsolutions.com
Service Solutions Segment SPX 2012-12-06 1.2B USD Divestiture
Canton, Michigan
Seital S.r.l 2012-03-21 - Add-on Acquisition
Santorso, Italy · www.seital.com
CLYDEUNION Pumps 2011-12-22 1.2B GBP Add-on Acquisition
Glasgow, United Kingdom
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 6 (38%) 99M (2%) 7 (30%) 78M (3%)
Manufacturing 3 (19%) 5.4B (95%) 5 (22%) 60M (2%)
Test/Measurement Equipment 3 (19%) - 1 (4%) 90M (3%)
Engineering 2 (13%) - 1 (4%) -
Automotive - - 3 (13%) 1.2B (37%)
Technology Hardware 1 (6%) 189M (3%) 1 (4%) 190M (6%)
Electronics 1 (6%) - - -
Aerospace - - 1 (4%) 62M (2%)
Construction - - 1 (4%) -
Energy Services and Equipment - - 1 (4%) -
Medical Products - - 1 (4%) 43M (1%)
Safety/Security - - 1 (4%) 1.4B (45%)
Total 16 $5.6B 23 $3.1B

By Geo

State/Country Buy Value Sell Value
United States 9 4.5B 17 3.0B
  Illinois 2 64M 1 -
  Connecticut 1 2.3B 2 1.5B
  Texas 1 - 1 -
  Pennsylvania 1 35M 1 43M
  Florida 1 189M 1 -
  Ohio - - 2 -
  Minnesota - - 2 30M
  West Virginia 1 - - -
  North Carolina 1 1.9B - -
  Oklahoma - - 1 -
  New Jersey - - 1 190M
  Michigan - - 1 1.2B
  Kansas - - 1 -
  Indiana - - 1 -
  California - - 1 90M
Germany 1 - 3 -
United Kingdom 3 1.2B - -
Italy 1 - 1 28M
Belgium - - 1 48M
Denmark 1 - - -
New Zealand 1 - - -
Spain - - 1 -
Domestic 9 (56%) 4.5B (80%) 17 (74%) 3.0B (98%)
Cross-border 7 (44%) 1.2B (20%) 6 (26%) 76M (2%)
Total 16 $5.6B 23 $3.1B

Top M&A Advisors

Financial Deals
Lincoln International
7
Evercore Group LLC
1
PwC Corporate Finance LLC
1

Deal Values

buy # Total
> $1B 3 $5.4B
$100M to $1B 1 $189M
< $100M 2 $99M
TOTAL $5.6B
Largest General Signal Corp.
$2.3B (1998-07-21)
sell # Total
> $1B 2 $2.5B
$100M to $1B 1 $190M
< $100M 7 $333M
TOTAL $3.1B
Largest Edwards Systems Technology, Inc.
$1.4B (2004-11-15)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
6 100%
Divested to
PE Firm(s)
59%
17 59%
Strategic(s)
41%
12 41%

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