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SPX Completes Cincinnati Fan & Ventilator Acquisition

10:55AM ET 12/16/2021 MT Newswires
SPX (SPXC) said Thursday it completed the $145 million acquisition of Cincinnati Fan & Ventilator from private equity firm Dominus Capital.

Cincinnati Fan, a maker of industrial fans, blowers and exhaust systems, is expected to generate revenue of $60 million to $70 million next year, said SPX, an industrial supplier.

Shares were up 0.8% in recent trading.

Price: 59.35, Change: +0.47, Percent Change: +0.80