About ASPEQ Heating Group
ASPEQ Heating Group is a company based in St. Louis (United States) founded in 2008 was acquired by SPX Corporation in May 2023. It operates as a Reseller / Distribution. The company has 411 employees as of December 31, 2022. ASPEQ Heating Group has completed 2 acquisitions, including BBC Industries and Solar Products. ASPEQ Heating Group offers products and services including Electric Heaters, Power Controls, and Thermal Management Products.
- Headquarter St. Louis, United States
- Employees 411 as on 31 Dec, 2022
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Aspeq Heating Group Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Five Points Capital
& 3 more
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Employee Count
411
as on Dec 31, 2022
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Investments & Acquisitions
BBC Industries
& 1 more
- Acquired by
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Products & Services of ASPEQ Heating Group
ASPEQ Heating Group offers a comprehensive portfolio of products and services, including Electric Heaters, Power Controls, and Thermal Management Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electric heaters are provided for industrial heating applications.
Power controls are offered for thermal management systems.
Thermal management products are designed for various applications.
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Customer Team
2 people
Sales and Marketing
2 people
Coil Team
1 people
Plant Team
1 people
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Funding Insights of ASPEQ Heating Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Debt – Conventional - ASPEQ Heating Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ASPEQ Heating Group
ASPEQ Heating Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Five Points Capital, SPX Corporation and Bunker Hill Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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U.S. lower middle market investments are managed by the firm.
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Founded Year | Domain | Location | |
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Long-term growth capital is invested in lower middle market companies.
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Founded Year | Domain | Location | |
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Industrial sector investments are managed by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ASPEQ Heating Group
ASPEQ Heating Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BBC Industries and Solar Products. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric infrared heaters and systems are manufactured by BBC Industries.
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1967 | ||||
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Custom infrared heaters and t-series quartz tubes are manufactured.
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1956 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ASPEQ Heating Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aspeq Heating Group Comparisons
Competitors of ASPEQ Heating Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about ASPEQ Heating Group
When was ASPEQ Heating Group founded?
ASPEQ Heating Group was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is ASPEQ Heating Group located?
ASPEQ Heating Group is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Who is the current CEO of ASPEQ Heating Group?
Dave Smith is the current CEO of ASPEQ Heating Group.
How many employees does ASPEQ Heating Group have?
As of Dec 31, 2022, the latest employee count at ASPEQ Heating Group is 411.
What does ASPEQ Heating Group do?
ASPEQ Heating Group is focused on delivering high-quality electric heating solutions for industrial, commercial, and militarymarine sectors. The company is built through strategic acquisitions of heater manufacturers, expanding sales channels and product scopes. Custom-configured electric heaters, power controls, and thermal management products are offered to meet diverse customer needs. Conversion from legacy heating systems to electric solutions is supported with tailored recommendations. Complementary technologies are integrated to provide comprehensive application solutions for end-users.
What products or services does ASPEQ Heating Group offer?
ASPEQ Heating Group offers Electric Heaters, Power Controls, and Thermal Management Products.
How many acquisitions has ASPEQ Heating Group made?
ASPEQ Heating Group has made 2 acquisitions, including BBC Industries, and Solar Products.
Who are ASPEQ Heating Group's investors?
ASPEQ Heating Group has 4 investors. Key investors include Five Points Capital, SPX Corporation, Bunker Hill Capital, and Industrial Growth Partners.