SPX Corp Announces Completion of Precision Components to RFE Investments for $62M

SPX Corporation SPW today announced it has completed the sale of its Precision Components business to RFE Investment Partners and 24/6 Capital Partners for approximately $62 million. Precision Components is an aerospace and defense manufacturer that provides highly engineered components and other critical parts to military and civilian aircraft programs. In SPX's most recent financial filings, the results of Precision Components were reported as discontinued operations for all periods presented. The business's results had previously been reported in the Industrial Products and Services and Other segment. Loop Capital Markets LLC acted as a financial advisor to SPX on the transaction.