BlackArch Partners Advised SPX Corporation on its Acquisition of Cincinnati Fan & Ventilator
BlackArch Partners, LLC is pleased to announce that SPX Corporation has acquired Cincinnati Fan & Ventilator Co., Inc., a portfolio company of Dominus Capital, L.P.
CHARLOTTE, NC (January 10, 2022) – BlackArch Partners, LLC (“BlackArch”) is pleased to announce that SPX Corporation (“SPX”) (NYSE:SPXC) has acquired Cincinnati Fan & Ventilator Co., Inc. (“Cincinnati Fan” or the “Company”), a portfolio company of Dominus Capital, L.P. (“Dominus”).
Headquartered in Mason, Ohio, Cincinnati Fan is a leading manufacturer of engineered air movement solutions, including industrial fans, blowers and critical exhaust systems, serving OEM applications across a variety of end markets. Through the Company’s three market-leading brands (Cincinnati Fan, Strobic Air and Daniels Fan), Cincinnati Fan offers built-to-order solutions with best-in-class lead-times. The Company is well positioned for accelerated growth within SPX’s Global Cooling platform by building upon SPX’s foundation in engineered air quality solutions.
Franklin McClelland, Vice President of Business Development & Strategy for SPX, stated, “Cincinnati Fan is a strong addition to our Global Cooling platform. BlackArch was a valued partner throughout the process given their deep industry knowledge and transaction expertise. Ultimately, their sound guidance and hands on support helped enable a successful outcome for both SPX and Cincinnati Fan.”
BlackArch was retained by SPX to serve as its sole financial advisor on its acquisition of Cincinnati Fan. The transaction expands upon BlackArch’s expertise within niche engineered products, its experience within the HVAC and Indoor Air Quality product subsectors and is representative of the firm’s focus on providing unique, tailored M&A advisory services.
About SPX
SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Corporation has more than 4,000 employees in 15 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.” Additional information is available on the SPX’s website: www.spx.com.
About Cincinnati Fan
Founded in 1956, Cincinnati Fan & Ventilator is a leading manufacturer of engineered air moving solutions for OEM applications across a diverse range of industries. The Company offers reliable, short lead-times on built-to-order industrial fans and blowers, which can be customized to meet end-users’ specifications. Primary products include centrifugal fans and blowers, axial fans, portable fume exhausters, critical exhausts systems, high temperature fans and other highly-engineered solutions. The Company is headquartered in Mason, Ohio, and has locations in the U.S. and the United Kingdom. Learn more about Cincinnati Fan at www.cincinnatifan.com.
About BlackArch
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, North Carolina, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors. BlackArch professionals have closed more than 350 transactions in 16 countries on 4 continents. For more details, please visit www.blackarchpartners.com.
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