Announced
Financials
Tags
Pending
Private
Machinery: Industrial
Friendly
industrial fans
Acquisition
Majority
Single Bidder
Domestic
United States
Private Equity
Synopsis
SPX, an engineered products and technologies supplier, agreed to acquire Cincinnati Fan & Ventilator, a manufacturer of engineered air moving solutions, from Dominus Capital, a private equity investment firm. Financial terms were not disclosed. "Cincinnati Fan has become a leading player in the air movement space. Dominus was able to bring significant resources to professionalize the business and grow both organically and through acquisition. We completed two acquisitions, expanded capacity, and invested in new product development under our ownership. Paul, management, and the company are very well positioned to drive growth for SPX and its investors," Bob Haswell, Dominus Founding Partner.
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