CHARLOTTE, N.C. – SPX Technologies, Inc. has announced that it has completed the acquisition of Sigma Heating and Cooling and Omega Heat Pump. The purchase price of approximately $144 million (CAD 200 million) reflects an acquisition multiple consistent with SPX’s typical range of 8x-12x Adjusted EBITDA*.
Greenville, S.C. – Integrated Power Services (IPS) has named John Burant to the position of market general manager for mining. “This reflects the increased focus IPS has placed on supporting customers in the mineral, mined fuel and fertilizer markets,” said John Zuleger, IPS president and CEO.
EASTON, Penn. – Victaulic has announced Gary Moore, executive vice president and chief revenue officer, will retire at the end of April after 37 years of distinguished service with the company.