SPX Corp.

SPX Corp.

SPX Corp.

Date Founded



13320-A Ballantyne Corporate Place,Charlotte, NC 28277

Type of Company


Employees (Worldwide)



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

Contact Data
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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, Finance, Corporate Controller & Chief Accounting Officer

President-South Africa & Head-Global Operations

Head, Process Cooling


Vice President, Investor Relations & Communications

Executive Officer

Board of Directors

Executive Chairman at Carlisle Cos., Inc.

Chief Financial Officer & Executive Vice President at Littelfuse, Inc.

Director at UNC Charlotte Foundation

Director, President & Chief Executive Officer at SPX Corp.

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

Chief Executive Officer Member at Celgard LLC

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

Vice President, Large Power Systems at Caterpillar, Inc.

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SPX Corp.
Owners & Shareholders
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Channing Capital Management employs a long-term value-oriented approach to investing in US mid-cap and small-cap stocks. The firm utilizes a fundamental, bottom-up value investment philosophy that focuses on undervalued and neglected stocks primarily with a market-cap of $2 billion to $15 billion. They look for companies that are trading at significant discounts to their intrinsic value. Portfolios are constructed on a stock-by-stock basis with a focus on the return potential of individual securities. Channing's relatively concentrated approach focuses on stock picking rather than market timing or sector allocation. The firm relies primarily on stock selection to generate above average returns as opposed to forecasts which emphasize sector weightings relative to a portfolio benchmark. However, Channing does employ sector and industry diversification as a risk management tool.

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ACR Alpine Capital Research (ACR) seeks to measure the intrinsic value of a security by looking at economic and financial factors (including the overall economy, industry conditions and the financial condition and management of the company itself) to determine if the company and its related securities are underpriced (indicating it may be a good time to buy) or overpriced (indicating it may be time to sell). This is a fundamental investment approach that does not attempt to anticipate market movements.The firm's Equity Quality Return (EQR Strategy) employs bottom-up fundamental analysis to identify undervalued stocks. EQR invests in equity securities with the idea of holding them in the client's account for a year or more. EQR invests primarily in common stocks with corporate headquarters in the US and Canada. It is invests in companies of any size including large, mid and small capitalization, but tends to focus on large-cap stocks.For their Fixed Income High Grade Strategy (FHG), ACR purchases fixed income instruments they deem to be of high quality. The strategy is designed to protect capital from loss of principal and interest by investing only in very high grade fixed income securities, (b) to provide cash flow and liquidity via interest income, regular maturities and price stability and (c) to obtain the highest after-tax yield possible without sacrificing credit quality standards. The maximum duration for this strategy is 10 years.The ACR Multi-Strategy Quality Return Funds invest in a range of securities including public securities and private securities. The funds typically pursue their investment objectives by investing their assets in equity securities, debt securities, derivative securities, cash and cash equivalents. The funds may also invest in other types of financing instruments such as convertible bonds and preferred stocks, ADRs, EDRs, and REITs. ACR may use a short selling strategy for a portion of the funds' assets, including two general types of short positions: directional and arbitrage.ACR invests the ACR International Quality Return (IQR) Fund's assets primarily in equity securities of companies located outside of the US. The fund invests mainly in common stock, preferred stock, ADRs, EDRs and GDRs. When fully invested, the fund's portfolio generally consists of approximately 20 holdings not limited by security type, issuer size or geographic location.

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CRM employs a relative value oriented investment approach that seeks to outperform the broad market and pertinent indices over a full market cycle by participating in good market periods and limiting declines in poor periods. Their strategy is designed to recognize and respond to changes that may positively impact the future prospects of a business enterprise. They seek to invest in companies which are trading at a discount to their own history and peers based on prospective free cash flow and earnings. CRM provides investment advisory services for separate accounts, the CRM family of mutual funds, and other US and non-US products that pursue several different value equity strategies, including portfolios that invest primarily in small-cap value securities, small/mid cap value securities, mid-cap value securities, and large-cap value securities. They also provide advisory services to an all-cap strategy, as well as to global and international strategies.

Recent Transactions
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Godrej & Boyce Manufacturing Co. Ltd. purchases Spx Corp. /Heat Transfer Business from SPX Corp.

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SPX Corp. purchases Elxsi Corp.

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SPX Corp. purchases Schonstedt Instrument Co. LLC

Transaction Advisors

Advised onGeneral Electric Company, GE Infrastructure Security, Inc. purchase SPX Holding, Inc. from SPX Corp.


Advised onSPX Corp. purchases Core Industries, Inc.


Advised onSPX Corp. purchases General Signal Corp.

Legal Advisor

Advised onGeneral Electric Company, GE Infrastructure Security, Inc. 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.

Advisors & Consultants
Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Shareholder at Vedder Price P.C.

Legal Advisor

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


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.

Key Stats and Financials As of 2018
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Non-Profit Donations & Grants
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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.

A.M. Castle & Co. Wholesale: Industrial Products & Manufacturing | 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 technology-enabled solutions to the power, oil and gas, environmental, and infrastructure markets. The firm provides air quality management, building sciences and industrial hygiene, coal ash management, and construction management. The company was founded in 1961 and is headquartered in Lowell, MA.

Colfax Corporation Industrial Machinery & Manufacturing - Annapolis Junction, MD

Colfax Corp. is an industrial manufacturing and engineering company, which engages in the provision of gas and fluid handling; and fabrication technology products and services to commercial and governmental customers. The firm operates its business through the following segments Air and Gas Handling; and Fabrication Technology. The Air and Gas 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 - Boston, MA

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 the following 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.

Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

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