Deal
SPX Technologies acquires Thermolec Ltd.
January 2026
full acquisition
ready
Snapshot
SPX Technologies acquired Thermolec Ltd. for approximately $141.5 million (net cash consideration) in January 2026. The transaction was structured as all cash. Thermolec Ltd. is a HVAC business.
- Acquirer
- SPX Technologies
- Target
- Thermolec Ltd.
- Value
- approximately $141.5 million (net cash consideration)
- Date
- January 2026
- Type
- full acquisition
- Status
- ready
01 Scorecard
The deal at a glance
Private-market deal
SPX Technologies acquires Thermolec Ltd.
Deal value
approximately $141.5 million (net cash consideration)
Sector
HVAC
Date
January 2026
VectorShift
Made on VectorShift
About this deal
SPX Technologies acquired Thermolec Ltd. for approximately $141.5 million (net cash consideration), a transaction completed in January 2026, structured as all cash.
Thermolec Ltd. operates in HVAC. Thermolec specializes in custom electric duct heating and related solutions.
Extends SPX's electric heating franchise (Marley Engineered Products, ASPEQ) into custom duct heating.
HVAC reportable segment
Advisors not disclosed
No advisory firms have been disclosed for this transaction.