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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Aspeq Heating Group Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
Not available
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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.
Electric heaters are provided for industrial heating applications.
Power controls are offered for thermal management systems.
Thermal management products are designed for various applications.
People of ASPEQ Heating Group
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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
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.
| 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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Locked | Locked | Locked | |
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Long-term growth capital is invested in lower middle market companies.
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Locked | Locked | Locked | |
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Industrial sector investments are managed by this private equity firm.
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Locked | Locked | Locked |
Investor details for ASPEQ Heating Group
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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.
Investment portfolio details for ASPEQ Heating Group
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- Transaction dates
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| 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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Locked | Locked | 1967 | Locked | |
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Custom infrared heaters and t-series quartz tubes are manufactured.
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Locked | Locked | 1956 | Locked |
Complete acquisition details for ASPEQ Heating Group
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Financial Statements - ASPEQ Heating Group
Detailed financials for ASPEQ Heating Group
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Aspeq Heating Group Comparisons
Peer comparison for ASPEQ Heating Group
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Competitors of ASPEQ Heating Group
Detailed competitors of ASPEQ Heating Group
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Latest news on Aspeq Heating Group
Complete news archive for ASPEQ Heating Group
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Frequently Asked Questions about ASPEQ Heating Group
ASPEQ Heating Group was founded in 2008 and raised its 1st funding round 7 years after it was founded.
ASPEQ Heating Group is headquartered in St. Louis, United States. It is registered at St. Louis, Missouri, United States.
Dave Smith is the current CEO of ASPEQ Heating Group.
As of Dec 31, 2022, the latest employee count at ASPEQ Heating Group is 411.
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.
ASPEQ Heating Group offers Electric Heaters, Power Controls, and Thermal Management Products.
ASPEQ Heating Group has made 2 acquisitions, including BBC Industries, and Solar Products.
ASPEQ Heating Group has 4 investors. Key investors include Five Points Capital, SPX Corporation, Bunker Hill Capital, and Industrial Growth Partners.