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Announced

SPX to acquire Cincinnati Fan & Ventilator from Dominus Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Machinery: Industrial

Friendly

industrial fans

Acquisition

Majority

Single Bidder

Domestic

United States

Private Equity

Synopsis

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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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