Entries by Lucy Dunlap

Exciting News! ASPEQ has joined SPX Technologies to create industry leader in commercial and industrial electric heat

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 […]

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 Completes Add-On Acquisition of Spectrum

St. Louis, MO – ASPEQ Heating Group LLC (“ASPEQ”), a leading provider of custom-configured electric heating and thermal management products, has acquired certain business assets of Spectrum, Inc. (“Spectrum”), based in Cleveland, OH.  ASPEQ, headquartered in Saint Louis, MO, serves the industrial, commercial, military, marine, and transportation markets under longstanding INDEECO, Heatrex, AccuTherm, and Brasch […]