M&A Deal Summary

ASPEQ Heating Group Acquires BBC Industries

On February 28, 2023, ASPEQ Heating Group acquired electrical equipment company BBC Industries

Acquisition Highlights
  • This is ASPEQ Heating Group’s 2nd transaction in the Electrical Equipment sector.
  • This is ASPEQ Heating Group’s 4th transaction in the United States.
  • This is ASPEQ Heating Group’s 1st transaction in Missouri.

M&A Deal Summary
Date 2023-02-28
Target BBC Industries
Sector Electrical Equipment
Buyer(s) ASPEQ Heating Group
Deal Type Add-on Acquisition

Target

BBC Industries

St Pacific, Missouri, United States
BBC Industries is a manufacturer of infrared heaters, infrared heater components, equipment, and systems. In addition to fabricating emitters, element panels, and controls as an international OEM supplier, BBC also produces and sells many trademarked pieces of equipment.

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Buyer(S) 1

Buyer

ASPEQ Heating Group

St. Louis, Mississippi, United States
Category Company
Founded 2008
Sector Electrical Equipment
Revenue 120M USD (2022)
DESCRIPTION

ASPEQ Heating Group is a provider of custom-configured electric heating and thermal management products to the industrial, commercial, military, marine, and transportation markets. ASPEQ serves a highly diversified customer base and provides over 30 distinct product categories, including immersion and circulation heaters, duct heaters, tubular elements, unit and comfort heaters, and explosion-proof heaters, among others, as well as integrated controls and spare parts. Products are marketed through a multi-channel approach under the longstanding and well-known INDEECO, Heatrex, AccuTherm, and Brasch brands. ASPEQ Heating Group was formed in 2008 and is based in St. Louis, Mississippi.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Missouri) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Solar Products

Pompton Lakes, New Jersey, United States

Solar Products specializes in providing custom infrared electric heaters for the OEM market, including a complete range of medium-wave panel heaters, quartz tubes, and other specialty heaters. Its products have been used for over 60 years in a variety of industrial end markets including thermoforming, screen printing, curing, drying, semiconductor, and electronics. Solar Products is based in Pompton Lakes, New Jersey.

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