SPX Corp.

SPX Corp.

SPX Corp.

Overview
Date Founded

1912

Headquarters

13320-A Ballantyne Corporate Place,Charlotte, NC 28277

Type of Company

Public

Employees (Worldwide)

5,000

Industries

Other Manufacturing
Appliances & Electronics
Aerospace & Defense
Industrial Machinery & Manufacturing
Industrial Conglomerates
Engineering, Construction & Architecture

Company Description

With more than $5 billion in annual revenue, Charlotte, North Carolina-based SPX is a multi-industry manufacturing leader with operations in more than 35 countries and approximately 15,000 associates worldwide. Meeting the critical needs of world economies – particularly today’s fast-growing emerging markets – has been the driving force behind our strategic expansion and success in recent years. Since 1998, acquisitions and focused organic growth have helped SPX transition from a U.S.-centric automotive component manufacturer with less than $1 billion in sales, to a globally diversified provider of highly engineered, innovative products and technologies that support two critical needs of modern societies: power and energy; and foods and beverages. SPX solutions play a vital role in global infrastructure expansion to help meet increased demand for electricity, and in helping food and beverage producers increase their capacity to more efficiently deliver greater quantities of safer, higher quality products. Our long-term strategy is focused on serving these two core end markets in emerging, as well as developed countries, through our two largest business segments: Flow Technology and Thermal Equipment and Services. SPX associates work collaboratively across business segments and borders to deliver greater efficiencies and better ideas for helping our customers succeed and grow their businesses. At SPX, imagination and innovation are as valued as product reliability and profitability. We continuously pursue new and better ways of thinking and working, and collaborating with our customers around the world

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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer, Vice President & Treasurer

Vice President, General Counsel & Secretary

Vice President & Chief Human Resources Officer

Vice President, Corporate Controller & Chief Accounting Officer

President-South Africa & Head-Global Operations

Vice President, Investor Relations & Communications

Executive Officer

President of Weil-Mclain, Marley Engineered Products & Radiodetection

Managing Partner

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Board of Directors

Former Executive Chairman at Carlisle Cos., Inc.

Director at UNC Charlotte Foundation

Chief Financial Officer, Treasurer & Vice President, Finance at The Marley Company

Director, President & Chief Executive Officer at SPX Corp.

Former Executive Vice President, Chief Financial Officer, Treasurer & Secretary at Snyder's-Lance, Inc.

Managing Director at CCMP Capital Advisors LP

Vice President, Sustainable Solutions Division at Caterpillar, Inc.

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Owners & Shareholders
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Alpine Investment Management (AIM) is a value manager that employs an investment approach that focuses on intrinsic value, margin of safety and diversification. The firm invests in stocks that have a significant margin-of-safety between intrinsic value and price. They seek investments in the quality stocks of quality businesses. AIM invests only in companies in which (1) net income can be counted on for many years (2) debt can be serviced regardless of economic conditions and (3) capital is either productively employed or returned to shareholders. The firm also considers high return on capital and the potential for long-term growth. There are no restrictions on company size and portfolios typically contain a mix of large-cap, mid-cap small-cap companies. Stocks are purchased for long run earnings accumulation rather than short run price appreciation. AIM's anticipated holding period at purchase is at least 10 years. AIM's fixed-income investments may include bonds and notes of the US government and its agencies, state and local municipalities, corporate bonds, preferred stocks and ABS. The firm generally does not invest in mortgage pass-throughs or other securities with multiple option payment streams. AIM tends to purchase bonds only when the available income or assets of the issuing enterprise are significantly greater than the interest payments and principal repayments due the security holder. Once this requirement is satisfied, bonds that offer the most attractive yields are purchased. Bonds rated 'AA-' or higher by S&P or 'AA3' or higher by Moody's are considered to have an adequate margin of safety due to the stringent standards established by these organizations for their 'AAA' and 'AA' ratings. Bonds rated 'A+' or lower by S&P or 'A1' or lower by Moody's or issues not rated by either organization are thoroughly investigated before purchase. Bond portfolios are structured to mature in sequence from approximately 1 to 10 years with similar amounts coming due each year. Term length is restricted to less than 10 years when yields are low relative to historical norms. Bonds are held to maturity unless cash is needed or a portfolio strategy change has been approved.

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Peregrine Capital Management (PCM) provides investment supervisory services to client portfolios, offering three specialty investment products managed by three distinct investment teams: Small Cap Growth; Small Cap Value; and Large Cap Growth. Typically, Peregrine has full investment discretion over all accounts. PCM's three styles invest primarily in U.S. equity securities or securities convertible into equities traded on a U.S. exchange or over-the-counter. Investments may include foreign securities traded in the U.S. and ETFs used for cash management purposes. The firm's small-cap strategies are broadly diversified across economic sectors consistent with their benchmarks. PCM's Large Cap Growth is more concentrated than its benchmark, both across companies and economic sectors.

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Segall Bryant & Hamill is an independent, employee-owned partnership located in Chicago, Illinois. SBH was established in 1994 by a group of investment professionals with over 20 years of prior experience working together. Today, we employ over 50 people and manage over $8 billion in assets, making SBH one of the fastest growing investment firms in the Midwest. Our Principals believe that quality investing is enhanced by a strong corporate culture that attracts the best talent. Today’s investment markets are increasingly intertwined, creating a need for information flow between our equity, fixed income and alternative teams. Our collegial atmosphere is a defining characteristic in our ability to provide investment excellence for our clients.

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Recent Transactions
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SPX Corp., Custos AB purchase Metro Nordic Sweden AB from Kinnevik AB

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mutares AG, mutares Holding-02 AG purchase Balcke-Dürr GmbH from SPX Corp.

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Paharpur Cooling Towers Ltd. purchases SPX Corp. /Dry Cooling Business from SPX Corp.

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Insider Transactions
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Transaction Advisors
Accountant

Advised onGE Infrastructure Security, Inc., General Electric Company purchase SPX Holding, Inc. from SPX Corp.

Accountant

Advised onSPX Corp. purchases Core Industries, Inc.

Accountant

Advised onSPX Corp. purchases General Signal Corp.

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Legal Advisor

Advised onGE Infrastructure Security, Inc., General Electric Company purchase SPX Holding, Inc. from SPX Corp.

Legal Advisor

Advised on purchases SPX Flow, Inc. from SPX Corp.

Legal Advisor

Advised on purchases SPX Flow, Inc. from SPX Corp.

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Advisors & Consultants
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Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Chairman Emeritus at Vedder Price P.C.

Legal Advisor

Chair, Employee Benefits & Executive Compensation Practice at Winston & Strawn LLP

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Clients

Headquartered in Cayce, SC, SCANA Corporation is an energy-based holding company whose businesses include regulated electric and natural gas utility operations and other energy-related businesses. SCANA’s subsidiaries serve electric customers in South Carolina and natural gas customers in South Carolina, North Carolina and Georgia. SCANA has nine significant direct, wholly-owned subsidiaries. Our electric service area extends into 24 counties throughout South Carolina. We own liquefied natural gas liquefaction and storage facilities and transport natural gas to residential, commercial and industrial customers. We provide natural gas services to more than one million customers in South Carolina, North Carolina and Georgia. We also own and operate a 500-mile fiber optic telecommunications network and data center facilities, provide Ethernet services, and engage in tower site construction management and rental services. We provide homeowners with service contracts on their home appliances and heating and air conditioning units

Methanol Chemicals Co. engages in the production of methanol derivatives. Its products include aqueous formaldehyde solution, urea formaldehyde concentrate, hexamethylene tetramine, paraformaldehyde, urea formaldehyde powder resin, melamine formaldehyde powder resin and melamine urea formaldehyde powder resin. The company also produces sulphonated naphthalene formaldehyde liquid, sulphonated naphthalene formaldehyde powder, sulphonated melamine formaldehyde liquid methanol, carbon monoxide, monomethylamine, dimethylamine, trimethylamine, dimethylformamide, pentaerythritol and sodium formate. The company was founded on August 1, 1989 and is headquartered in Jubail, Saudi Arabia.

Mannai Corp. QSC engages in trade and service businesses. It operates through the following segments: Auto, Heavy Equipment, Energy and Industrial Markets, Industrial Supplies, Information Technology, Travel, Engineering, Geotechnical services, Logistics, Jewellery Trading, Telecom Retail, and Others. The company was founded on January 26, 1963 and is headquartered in Doha, Qatar.

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Key Stats and Financials As of 2017
Market Capitalization
$1.32B
Total Enterprise Value
$1.56B
Earnings Per Share
$1.98
Revenue
$1.43B
Net Profit
$84M
EBITDA
$72.5M
EBITDAMargin
5.08%
Total Debt
$357M
Total Equity
$315M
Enterprise Value Sales
1.1x
Enterprise Value EBITDAOperating
21.57x
TEVNet Income
18.62x
Debt TEV
0.23x
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Non-Profit Donations & Grants
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Investments
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Prepared Response Inc. provides emergency preparedness, crisis management and homeland security solutions. The firm's primary markets include education, corporate, transportation systems, hospital, sports stadiums, hospitality, industrial facilities, museums, and critical infrastructure. The company was founded by Sterling Griffin in September 2000 and is headquartered in Kirkland, WA.

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Suppliers
A.M. Castle & Co. Wholesale: Raw Materials | Oak Brook, IL

A. M. Castle & Co. (NYSE:CAS) is the foremost provider of specialty products, services, and supply chain solutions. We are recognized as a leading distributor of carbon, alloy, stainless steel, nickel alloys, aluminum, titanium, cast iron, brass, copper, and plastic, as well as a global resource for complex supply chain solutions. Operating in more than 55 locations throughout North America, Europe and Asia, we work with international OEMs to better serve their multi-location production requirements and delivery needs. We also leverage our long-standing metals experience and focus on processing and other value-added services to better meet the unique requirements of industries such as aerospace, defense, oil and gas, power generation and heavy equipment. By expanding our capabilities and services, A. M. Castle is growing to serve the more complex requirements of customers who are outsourcing non-core functions. Our highly regarded H-A Industries, a state-of-the art bar processing facility, provides an extensive range of thermal treating and finishing services. In addition, we offer a comprehensive range of (high value added) processing services for plate, sheet, tubing, and bar products from many of the locations in our North American network. Today, A. M. Castle is continuing to expand globally. Since acquiring full ownership of Castle de Mexico in early 2004, we have seen this organization grow rapidly. With the acquisition of Transtar Metals in 2006, we have further extended our global footprint with two locations in Europe, along with a strong network of agents throughout Asia; more than a third of Castle Metals Aerospace’s customers are located outside North America. To accommodate this accelerated growth in products, services and customer support, we are continuing to expand and strengthen our infrastructure. This work includes key efforts in an organization-wide ERP (Enterprise Resource Planning) system, as well as re-engineering in specific facilities. More importantly, A. M. Castle continues to focus on developing the strongest service team in our industry. We are committed to developing our team to ensure that we have the right people, with the capabilities and experience needed, to provide our customers with best-in-class service and support

Forterra Trust Real Estate Investment Trusts | Singapore, CE

Forterra Trust provides real estate investment and development services. The firm engages in owning, investing in and proactively managing for optimum unit holder return, income-producing real estate used primarily for commercial purposes. It also engages in acquiring, owning, repositioning and developing land, under-performing assets and incomplete developments which are used as commercial real estate. The company was founded on May 19, 2010 and is headquartered in Singapore.

TRC Cos., Inc. Holding Companies | Lowell, MA

TRC Cos., Inc. provides environmental engineering and consulting services. It offers air quality management, building sciences and industrial hygiene, coal ash management, construction and construction management, energy efficiency, environmental permitting, testing and compliance engineering, environmental engineering and remediation, environmental health and safety management, infrastructure services, integra link, integrity management services, permitting and regulatory filings, pipeline & facilities services, power delivery engineering, power delivery support services, power generation, right of way services,sustainability, transaction advisory services, public outreach and stakeholder engagement, and hurricane disaster recovery. The company was founded in 1969 and is headquartered in Lowell, MA.

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Competitors
Colfax Corporation Industrial Machinery & Manufacturing - Annapolis Junction, MD

Colfax Corp. is an industrial manufacturing and engineering company, which provides gas and fluid handling; and fabrication technology products and services to commercial and governmental customers. The company distributes its services through the Howden, ESAB, and Colfax Fluid Handling brand names. It operates its business through two segments: Gas and Fluid Handling and Fabrication Technology business segments. The Gas and Fluid Handling segment includes pumps; fluid-handling systems and controls; specialty valves; heavy-duty centrifugal and axial fans; rotary heat exchangers; and gas compressor. The Fabrication Technology develops, manufactures, and supplies consumable products and equipment. The company was founded by Mitchell P. Rales and Steven M. Rales in 1995 and is headquartered in Annapolis Junction, MD.

General Electric Company Power & Utilities - CINCINNATI, OH

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

IDEX Corp. Industrial Machinery & Manufacturing - Lake Forest, IL

IDEX is organized in four business segments to optimize our market strategies, better serve our customers and provide a solid foundation for both organic and acquisitive growth. Our portfolio: IDEX Fluid & Metering Technologies systems are used in a wide variety of severe duty and/or highly precise fluid-handling applications around the world. Customized solutions range from diesel engine lubrication to food and beverage processing to the movement, measurement and dispense of fossil fuels, ethanol and other high value liquids and gases. With some of the most recognized brand names in positive displacement pumps, flow meters, compressors and injectors, IDEX is a supplier of choice within the rapidly growing infrastructure markets including alternative energy, oil & gas, water and wastewater. Supporting rapid global growth in drug discovery, clinical diagnostics and medical technology advancements, our Health & Science employees design, produce and distribute small-scale, highly precise fluidics components and sub-assemblies used in analytical and diagnostics instruments, as well as a growing range of medical equipment and implantable devices. Within this segment, it’s all about enabling increasingly small and precise sample sizes, more accurate analysis and quicker results for technicians and patients alike. Some of the most familiar of our solutions can be found in our Dispensing segment, which specializes in point-of-use color formulation. Our paint dispensing solutions are found at major home improvement stores and independent retailers across the United States and Europe, enabling consumers to obtain a perfect color match every time. When seconds count, our Fire & Safety equipment matters most. Our highly engineered firefighting pumps and foam systems, as well as our Jaws of Life® extrication and recovery tools, are the preferred equipment of Fire & Safety professionals around the globe. Complementing the municipal fire and safety markets, our diversified products group engineers band clamping solutions found everywhere from corner traffic lights and signposts to subsea and marine applications