M&A Deal Summary

SPX Technologies Acquires TAMCO

On April 3, 2023, SPX Technologies acquired manufacturer TAMCO for 125M USD

Acquisition Highlights
  • This is SPX Technologies’ 7th transaction in the Manufacturing sector.
  • This is SPX Technologies’ 7th largest (disclosed) transaction.
  • This is SPX Technologies’ 2nd transaction in Canada.
  • This is SPX Technologies’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2023-04-03
Target TAMCO
Sector Manufacturing
Buyer(s) SPX Technologies
Deal Type Add-on Acquisition
Deal Value 125M USD

Target

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.

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Buyer(S) 1

Buyer

SPX Technologies

Charlotte, North Carolina, United States
Category Company
Founded 1912
Sector Machinery
Employees4,100
Revenue 1.7B USD (2023)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

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 22 of 24
Sector (Manufacturing) 7 of 7
Type (Add-on Acquisition) 16 of 18
State (Ontario) 2 of 2
Country (Canada) 2 of 3
Year (2023) 1 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-11 ITL

La Vergne, Tennessee, United States

ITL is a manufacturer of highly-engineered Aids-to-Navigation, or “AtoN” systems, including obstruction lighting for telecommunications towers, wind turbines, and numerous other structures. ITL was founded in 1998 and is based in La Vergne, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 ASPEQ Heating Group

St. Louis, Mississippi, United States

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.

Buy $418M
Mergr

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