About ASPEQ Heating Group
ASPEQ Heating Group is an Industrial Goods & Manufacturing company based in St. Louis (United States) founded in 2008, and was acquired by SPX Corporation in May 2023. Electric heating equipment is manufactured for industrial applications. It operates on a Reseller / Distribution model. The company has 411 employees. ASPEQ Heating Group has completed 2 acquisitions, including BBC Industries and Solar Products. Its chief executive, as recorded, is Dave Smith. ASPEQ Heating Group offers products and services including Electric Heaters, Power Controls, and Thermal Management Products. Its focus areas include Industrial Goods, Electrical Equipment and Heating Solutions. Its legal entity is ASPEQ Heating Group LLC.
Company details
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.
- Headquarters St. Louis, United States
- Employees 411
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website aspeqheating.com
- Social LinkedIn Facebook Instagram
- Acquired by SPX Corporation (May 2023)
- Legal Name Aspeq Heating Group Llc
- InvestorsFive Points Capital
& 3 more
- Employee Count411
- Investments & AcquisitionsBBC Industries
& 1 more
- Acquired by
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.
Funding Insights of ASPEQ Heating Group
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ASPEQ Heating Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
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 |
|---|---|---|---|---|
U.S. lower middle market investments are managed by the firm. | 1997 | fivepointscapital.com | Winston-salem, United States | |
Long-term growth capital is invested in lower middle market companies. | bunkerhillcapital.com | Wellesley Hills, United States | ||
Industrial sector investments are managed by this private equity firm. | 1997 | igpequity.com | San Francisco, United States | |
Engineered products for HVAC and detection markets are supplied. | 1988 | spx.com | Charlotte, United States |
Investor details for ASPEQ Heating Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ASPEQ Heating Group
7 people are tracked at ASPEQ Heating Group (2 in leadership, 5 in team); the tracked headcount is 411.
| Name | Role | Group |
|---|---|---|
Dave Smith | CEO & President | Leadership |
Bill Magill | Director Of Inside Sales | Leadership |
Elijah Flint | Coil Winder | Team |
Lecia Strother | Plant Manager | Team |
Kelsey Rottler | Customer Service Manager | Team |
Stuart Cummings | Customer Service | Team |
Joe Harster | Industrial Sales Engineer | Team |
Complete people profiles for ASPEQ Heating Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electric infrared heaters and systems are manufactured by BBC Industries. | bbcind.com | Pacific, United States | 1967 | Feb 2023 | •••• | |
Custom infrared heaters and t-series quartz tubes are manufactured. | solarproducts.com | Pompton Lakes, United States | 1956 | Jul 2022 | •••• |
Complete acquisition details for ASPEQ Heating Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ASPEQ Heating Group
7 dated milestones of ASPEQ Heating Group across 15 years, from founding to its latest funding, stage changes and deals.
- Founded ASPEQ Heating Group is founded.
- Funding First funding round.
- Exit Acquired by Bunker Hill Capital.
- Exit Acquired by IGP.
- Acquisition Acquires Solar Products.
- Acquisition Acquires BBC Industries.
- Exit Acquired by SPX Corporation.
Top companies in Industrial HVAC Systems
3 companies that operate in the same segment as ASPEQ Heating Group (Industrial HVAC Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of electric heat solution products to industries | 2001 | Saint Louis Park, Minnesota, United States | USD 3.89 B | 12,100 | ||
Air filters and filtration products are manufactured by Rensa Filtration. | 1942 | Warrenville, United States | USD 11.49 M | |||
Precision-engineered cooling and air handling products are provided. | 2013 | Redmond, Washington, United States |
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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 CEO of ASPEQ Heating Group, as recorded in our data.
ASPEQ Heating Group has 411 employees.
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.
ASPEQ Heating Group operates through Aspeq Heating Group Llc.
Yes. ASPEQ Heating Group was acquired by SPX Corporation in May 2023.