SPX to Acquire Crawford United in Board-Approved Deal
SPX is set to acquire Crawford United Corporation, with unanimous board approval from both companies. Crawford United shareholders, holding over two-thirds of voting power, support the deal. Crawford's Commercial Air Handling Equipment will join SPX's HVAC segment, while its Industrial & Transportation Products segment will be sold post-acquisition. The transaction is expected to close in Q1 2026, subject to conditions and approvals.
SPX has reached an agreement to acquire Crawford United Corporation in a transaction that has received unanimous approval from both companies’ boards of directors. Shareholders of Crawford United, collectively holding more than two-thirds of the company’s voting power, have entered into support agreements to vote in favor of the deal. Upon closing, Crawford United’s Commercial Air Handling Equipment segment will become part of SPX’s HVAC segment. The Industrial & Transportation Products segment, including businesses in aerospace, defense, transportation, and marine markets, will be treated as non-core by SPX and is expected to be sold following the completion of the acquisition. The transaction is anticipated to close during the first quarter of 2026, pending customary closing conditions and regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Crawford United Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9598368-en) on December 08, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
