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)
Advisory firms were not disclosed for this transaction.