Deal
SPX Technologies acquires Patterson-Kelley, LLC
November 2019
full acquisition
ready
Snapshot
SPX Technologies acquired Patterson-Kelley, LLC for $59.9 million in November 2019. The transaction was structured as all cash. Patterson-Kelley, LLC is a HVAC business.
- Acquirer
- SPX Technologies
- Target
- Patterson-Kelley, LLC
- Value
- $59.9 million
- Date
- November 2019
- Type
- full acquisition
- Status
- ready
01 Scorecard
The deal at a glance
Private-market deal
SPX Technologies acquires Patterson-Kelley, LLC
Deal value
$59.9 million
Sector
HVAC
Date
November 2019
VectorShift
Made on VectorShift
About this deal
SPX Technologies acquired Patterson-Kelley, LLC for $59.9 million, a transaction completed in November 2019, structured as all cash.
Patterson-Kelley, LLC operates in HVAC, had revenue of about approximately $35.0 million (twelve months prior to acquisition). Patterson-Kelley is a manufacturer and distributor of commercial boilers and water heaters.
Adds commercial boiler and water-heater capacity to SPX's heating-focused HVAC platform.
HVAC reportable segment
Advisors not disclosed
No advisory firms have been disclosed for this transaction.