SPX Technologies to acquire Crawford United for $300m.

SPX Technologies, a diversified, global supplier of highly engineered products and technologies, agreed to acquire Crawford United, a Cleveland-based holding company that owns and operates a portfolio of manufacturing businesses focused on precision components, commercial air-handling equipment and industrial & transportation products, for $300m. "We are excited to welcome the Crawford United team. Their commercial air-handling business is an excellent fit for our HVAC platform, strengthening our ability to deliver end-to-end solutions to customers in healthcare, universities, pharmaceutical, advanced manufacturing and commercial markets. This acquisition will advance our growth strategy and further differentiate SPX as a leader in engineered solutions," Gene Lowe, SPX Technologies President & CEO.