SPX Technologies Acquires Crawford United in $300M Transaction

SPX Technologies (SPX) announced the acquisition of Crawford United, a specialty materials and components company, in a deal valued at $300 million. The transaction is expected to be completed by March 31, 2026, subject to regulatory approvals and due diligence. The acquisition expands SPX's footprint in the industrial and energy sectors, enhancing its capabilities in fluid management and filtration technologies. Terms of the agreement include a combination of cash and stock to be finalized in the coming weeks.