Kirkland & Ellis counseled ASPEQ Heating Group, a leader in electrical heating solutions, on its definitive agreement to be sold to SPX Technologies (NYSE:SPXC), from Industrial Growth Partners, a San Francisco-based private equity firm. ASPEQ will become a part of SPX Technologies’ HVAC Heating platform, within its electrical heating business, along with Marley Engineered Products (MEP). The parties anticipate closing of the transaction in the second quarter of 2023.
The Kirkland team was led by corporate partners Evan Roberts, Luke Guerra, and Hamed Meshki and associate Spencer Brass; tax partner Anne Kim and associate Allison Bray; and environmental transactions partner Stefanie Gitler.
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