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SPX Technologies acquires Crawford United for $300M

PUBLIC · SPXCApr 26, 2026•about 1 month ago

Acquiring Company

SPX Technologies

Acquired Company

Crawford United

CharlotteClevelandManufacturingTransportation

Description

SPX Technologies has successfully acquired Crawford United's air-handling segment for approximately $300 million. This acquisition, along with the purchase of Thermolec, will further enhance SPX's capabilities in HVAC solutions. The merger is part of SPX's strategy to expand its market reach and increase production capacity. This deal is expected to support SPX's growth trajectory in the rapidly evolving HVAC landscape.

Company Information

Company

SPX Technologies

Location

Charlotte, North Carolina, United States

About

SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has more than 3,300 employees in 15 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.