We are pleased to inform you that SPX Technologies, Inc. has announced its acquisition of ASPEQ Heating Group (“ASPEQ”). ASPEQ will become a part of SPX Technologies’ HVAC Heating platform, within its electrical heating business, along with Marley Engineered Products (MEP). The process of integrating ASPEQ into SPX begins today, and we are very excited […]
Press Release
SPX Technologies Announces Agreement to Purchase ASPEQ Heating Group
CHARLOTTE, N.C., May 01, 2023 (GLOBE NEWSWIRE) — SPX Technologies (NYSE:SPXC) announced today that it has entered into a definitive agreement to purchase ASPEQ Heating Group (“ASPEQ”), a leader in electrical heating solutions, from Industrial Growth Partners, a San Francisco-based private equity firm. ASPEQ will become a part of SPX Technologies’ HVAC Heating platform, within […]
ASPEQ and IGP Complete Add-On Acquisition of the Pipe Heating Solutions Division of BannerDay
San Francisco, CA – ASPEQ Heating Group LLC (“ASPEQ”), a leading provider of custom-configured electric heating and thermal management products, has acquired the impedance pipe heating assets (“BannerDay PipeHeating”) from Banner Engineering & Sales, Inc. (“BannerDay”), based in Saginaw, MI. BannerDay will continue to operate its bakery business independently. ASPEQ, headquartered in Saint Louis, MO, […]