SPX Technologies has completed its acquisition of Crawford United Corporation, a Cleveland-based holding company with a diverse portfolio of engineered air handling and industrial products. The transaction, valued at approximately $300 million, entitles Crawford United shareholders to receive about $83.86 per share in cash, following adjustments for indebtedness and expenses. Crawford United's commercial air-handling equipment businesses, including Air Enterprises and Rahn Industries, will be integrated into SPX's HVAC segment, expanding the company's custom air-handling solutions and enhancing its coil offerings. Crawford United's industrial and transportation products businesses are expected to be sold as SPX focuses on its core strategy. Crawford United's shares will no longer trade on the OTC Pink Limited Market.

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