About This Deal

SPX Technologies acquired Crawford United Corporation for approximately $300.0 million (net cash consideration), a transaction completed in February 2026, structured as all cash.

Crawford United Corporation operates in HVAC (Commercial Air Handling) + retained Industrial & Transportation Products. Crawford United specializes in highly engineered air handling and industrial products. SPX is integrating Crawford's Commercial Air Handling Equipment businesses into its HVAC segment; Crawford's Industrial & Transportation Products businesses (serving aerospace and other markets) are also part of the acquired group.

Adds engineered commercial air handling capacity to SPX's HVAC platform, complementing its existing engineered air movement businesses.

HVAC reportable segment (Commercial Air Handling Equipment)

Deal Terms

Acquirer
SPX Technologies
Target
Crawford United Corporation
Value
Approximately $300.0 million (net cash consideration)
Date
February 2026
Type
Full acquisition
Status
Ready

Transaction Details

Segment
HVAC (Commercial Air Handling) + retained Industrial & Transportation Products
Structure
All cash
Announced
February 6, 2026
Closed
February 6, 2026

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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