SPX To Buy Cincinnati Fan From Dominus Capital For Undisclosed Sum

November 15, 2021 3:24 PM | 1 min read

SPX Corp SPXC has agreed to purchase Cincinnati Fan & Ventilator Co., Inc., from Dominus Capital L.P. for undisclosed financial terms.
Mason, Ohio-based Cincinnati Fan & Ventilator manufactures engineered air moving solutions for OEM applications across a diverse range of industries. It has approximately 215 employees in the U.S. and the U.K.
SPX expects the transaction to close by year-end 2021 and the acquisition to be accretive to its HVAC segment margin.
SPX held cash and equivalents of $560.1 million as of September 2021.
Price Action: SPXC shares are trading lower by 0.30% at $65.49 on the last check Monday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.