M&A Deal Summary |
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Date | 2023-05-01 |
Target | ASPEQ Heating Group |
Sector | Electrical Equipment |
Buyer(s) | SPX Technologies |
Sellers(s) | Industrial Growth Partners |
Deal Type | Add-on Acquisition |
Deal Value | 418M USD |
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Category | Company |
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Founded | 1912 |
Sector | Machinery |
Employees | 4,100 |
Revenue | 1.7B USD (2023) |
SPX Technologies 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 Technologies was founded in 1912 and is based in Charlotte, North Carolina.
DEAL STATS | # |
---|---|
Overall | 23 of 24 |
Sector (Electrical Equipment) | 1 of 1 |
Type (Add-on Acquisition) | 17 of 18 |
State (Mississippi) | 1 of 1 |
Country (United States) | 13 of 13 |
Year (2023) | 2 of 2 |
Size (of disclosed) | 4 of 9 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-04-03 |
TAMCO
Smiths Falls, Ontario, Canada TAMCO is a manufacturer of high-end, superior-quality dampers and air control products, serving commercial, industrial, and institutional markets. TAMCO is devoted to designing and developing products that are durable, maintenance-free, energy-efficient, and unparalleled in performance. TAMCO was founded in 1995 and is based in Smiths Falls, Ontario. |
Buy | $125M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2024-02-07 |
Ingenia
Mirabel, Quebec, Canada Ingenia specializes in the design and manufacture of air handling units, from fast delivery modular units to fully custom projects. From traditional to fully integrated systems with controls and piping, the company's solutions are used in high-value applications in a number of end markets, including health sciences (hospitals and research labs), pharmaceutical, education, food processing, office buildings, and industrial. Ingenia was formed in 2004 and is based in Mirabel, Quebec. |
Buy | CA$405M |
Category | Private Equity Firm |
---|---|
Founded | 1997 |
PE ASSETS | 3.4B USD |
Size | Large |
Type | Sector Focused |
Industrial Growth Partners (IGP) is a private equity firm that invests in privately held, lower middle-market manufacturing and manufacturing services companies. Specific areas of interest include industrial components and equipment, electrical and electronic equipment, process instrumentation and controls, analytical instruments and measuring devices, filtration and pumps, specialty chemicals, plastics, and healthcare/safety equipment. Prospective transaction situations include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, management buy-ins, and growth capital financings. Target companies typically are profitable and have annual revenues up to $250 million. IGP was formed in 1997 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 30 of 33 |
Sector (Electrical Equipment) | 5 of 6 |
Type (Add-on Acquisition) | 14 of 17 |
State (Mississippi) | 1 of 1 |
Country (United States) | 30 of 33 |
Year (2023) | 1 of 3 |
Size (of disclosed) | 4 of 11 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-04-20 |
Hultec
Fort Worth, Texas, United States Hultec is a designer, manufacturer, and distributor of engineered elastomer gaskets, seals, and other critical products for the potable and non-potable water, industrial, and agricultural end markets. Hultec was founded in 1981 and is based in Fort Worth, Texas. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-09-05 |
Des-Case
Goodlettsville, Tennessee, United States Des-Case is a manufacturer of contamination control products and services for industrial lubricants. Its breathers, specialty filtration products, custom fluid handling equipment and consulting and educational services have helped companies around the world improve their equipment reliability by reducing equipment maintenance costs and downtime. Des-Case was founded in 1983 and is based in Goodlettsville, Tennessee. |
Sell | - |