SPX Technologies acquires SGS Refrigeration Inc. (“SGS”)
Snapshot
SPX Technologies acquired SGS Refrigeration Inc. (“SGS”) for $10.0 million plus a deferred payment not to exceed $1.5 million in July 2019. The transaction was structured as all cash plus deferred payment. SGS Refrigeration Inc. (“SGS”) is a HVAC business.
- Acquirer
- SPX Technologies
- Target
- SGS Refrigeration Inc. (“SGS”)
- Value
- $10.0 million plus a deferred payment not to exceed $1.5 million
- Date
- July 2019
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
SPX Technologies acquired SGS Refrigeration Inc. (“SGS”) for $10.0 million plus a deferred payment not to exceed $1.5 million, a transaction completed in July 2019, structured as all cash plus deferred payment.
SGS Refrigeration Inc. (“SGS”) operates in HVAC, had revenue of about approximately $12.0 million (twelve months prior to acquisition). SGS Refrigeration is a manufacturer of industrial refrigeration products.
Adds industrial refrigeration product capability to the HVAC platform.
HVAC reportable segment
No advisory firms have been disclosed for this transaction.