On the Record · SPX Technologies
SPX Technologies acquisitions, on the record
The businesses SPX Technologies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Sealite Pty Ltd and affiliated entities, including Sealite USA, LLC (doing business as Avlite Systems) and Star2M Pty LtdWord for word“The purchase price for Sealite was $80.3, net of cash acquired of $2.3.” 10-K for 2023 | acquisition | — | The purchase price for Sealite was $80.3, net of cash acquired of $2.3. |
Enterprise Control Systems Ltd (ECS)Word for word“The purchase price for ECS was $39.4 , net of cash acquired of $5.1 .” 10-K for 2023 | acquisition | — | The purchase price for ECS was $39.4 , net of cash acquired of $5.1 . |
Cincinnati Fan & Ventilator Co., Inc. (Cincinnati Fan)Word for word“The purchase price for Cincinnati Fan was $145.2, net of (i) an adjustment to the purchase price received during 2022 of $0.4 related to acquired working capital and (ii) cash acquired of $2.5.” 10-K for 2023 | acquisition | — | The purchase price for Cincinnati Fan was $145.2, net of (i) an adjustment to the purchase price received during 2022 of $0.4 related to acquired working capital and (ii) cash acquired of $2.5. |
International Tower Lighting, LLC (ITL)Word for word“The purchase price for ITL was $40.4, net of (i) an adjustment to the purchase price received during 2022 of $1.4 related to acquired working capital and (ii) cash acquired of $1.1.” 10-K for 2023 | acquisition | — | The purchase price for ITL was $40.4, net of (i) an adjustment to the purchase price received during 2022 of $1.4 related to acquired working capital and (ii) cash acquired of $1.1. |
Three wholly-owned subsidiaries that hold asbestos liabilities and certain assets, sold to Canvas Holdco LLC (Asbestos Portfolio Sale)Word for word“On November 1, 2022, we completed the Asbestos Portfolio Sale.” 10-K for 2023 | divestiture | On November 1, 2022 | — |
T.A. Morrison & Co. (TAMCO)Word for word“The purchase price for TAMCO was $125.5, inclusive of an adjustment of $0.2 paid during 2023 related to acquired working capital, and net of cash acquired of $1.0.” 10-K for 2023 | acquisition | — | The purchase price for TAMCO was $125.5, inclusive of an adjustment of $0.2 paid during 2023 related to acquired working capital, and net of cash acquired of $1.0. |
ASPEQ Heating Group (ASPEQ)Word for word“The purchase price for ASPEQ was $421.5, net of (i) an adjustment to the purchase price of $0.3 related to acquired working capital and (ii) cash acquired of $0.9.” 10-K for 2023 | acquisition | — | The purchase price for ASPEQ was $421.5, net of (i) an adjustment to the purchase price of $0.3 related to acquired working capital and (ii) cash acquired of $0.9. |
Ingénia Technologies Inc. (Ingénia)Word for word“On February 7, 2024, we completed the acquisition of Ingénia Technologies Inc. (“Ingénia”) which specializes in the design and manufacture of custom air handling units that demand high levels of precision and reliability in healthcare, pharmaceutical, education, food processing and industrial end markets.” 10-K for 2023 | acquisition | On February 7, 2024 | — |
three wholly-owned subsidiaries that hold asbestos liabilities and certain assets, including related insurance assets (Asbestos Portfolio Sale, to Canvas Holdco LLC)Word for word“On November 1, 2022, SPX divested three wholly-owned subsidiaries that hold asbestos liabilities and certain assets, including related insurance assets, to Canvas Holdco LLC, an entity formed by a joint venture of Global Risk Capital LLC and an affiliate of Premia Holdings Ltd (the “Asbestos Portfolio Sale”).” 10-K for 2024 | divestiture | On November 1, 2022 | — |
Kranze Technology Solutions, Inc. (KTS)Word for word“On January 27, 2025, we completed the acquisition of Kranze Technology Solutions, Inc. (“KTS”), which specializes in digital interoperability and tactical networking solutions, primarily for the defense industry.” 10-K for 2024 | acquisition | On January 27, 2025 | — |
three wholly-owned subsidiaries that hold asbestos liabilities and certain assets, including related insurance assetsWord for word“On November 1, 2022, SPX divested three wholly-owned subsidiaries that hold asbestos liabilities and certain assets, including related insurance assets, to Canvas Holdco LLC, an entity formed by a joint venture of Global Risk Capital LLC and an affiliate of Premia Holdings Ltd (the “Asbestos Portfolio Sale”).” 10-K for 2025 | divestiture | November 1, 2022 | — |
ASPEQ Heating GroupWord for word“On June 2, 2023, we completed the acquisition of ASPEQ Heating Group (“ASPEQ”), a leading provider of electrical heating solutions to customers in industrial and commercial markets.” 10-K for 2025 | acquisition | June 2, 2023 | — |
Ingénia Technologies Inc.Word for word“On February 7, 2024, we completed the acquisition of Ingénia Technologies Inc. (“Ingénia”), which specializes in the design and manufacture of custom air handling units that demand high levels of precision and reliability in healthcare, pharmaceutical, education, food processing and industrial end markets.” 10-K for 2025 | acquisition | February 7, 2024 | — |
Kranze Technology Solutions, Inc.Word for word“On January 27, 2025, we completed the acquisition of Kranze Technology Solutions, Inc. (“KTS”), which specializes in digital interoperability and tactical networking solutions, primarily for the defense industry.” 10-K for 2025 | acquisition | January 27, 2025 | — |
Sigma Heating and Cooling and Omega Heat PumpWord for word“On April 15, 2025, we completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump (“Sigma & Omega”), which specializes in highly engineered hydronic heating and cooling equipment, including vertical stack heat pumps and fan coils, institutional heating products, and both air-cooled and water-cooled commercial self-contained units.” 10-K for 2025 | acquisition | April 15, 2025 | — |
Thermolec Ltd.Word for word“On January 20, 2026, we completed the acquisition of Thermolec Ltd. (“Thermolec”), which specializes in custom electric duct heating and related solutions.” 10-K for 2025 | acquisition | January 20, 2026 | — |
Crawford United CorporationWord for word“On February 6, 2026, we completed the acquisition of Crawford United Corporation (“Crawford”), which specializes in highly engineered air handling and industrial products.” 10-K for 2025 | acquisition | February 6, 2026 | — |
T.A. Morrison & Co.Word for word“On April 3, 2023, we completed the acquisition of T.A. Morrison & Co.” 10-K for 2025 | acquisition | April 3, 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | $180.8 million | $50.4 million |
| 2019-12-31 | $147.1 million | $56.1 million |
| 2020-12-31 | $104.4 million | $43.5 million |
| 2021-12-31 | $265.2 million | $124.7 million |
| 2022-12-31 | $40 million | $19.9 million |
| 2023-12-31 | $547 million | $243.2 million |
| 2024-12-31 | $292 million | $148 million |
| 2025-12-31 | $445 million | $186 million |
Deal filings since 2016
- 2025-09-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-09-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-11-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from SPX Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.