Strategic Acquisition Drive ASPEQ Heating Group has recently expanded its portfolio through multiple strategic acquisitions, including Solar Products and assets from Spectrum Inc. This growth approach indicates ongoing opportunities to tailor solutions for newly integrated product lines and enhance cross-selling potential within newly acquired customer bases.

Growing Market Presence With annual revenues estimated between 50M and 100M and a workforce of over 200 employees, ASPEQ is positioned as a mid-sized player actively expanding in the electrical and thermal management sectors, presenting opportunities to engage with their development initiatives and new project needs.

Recent M&A Activity The company’s recent acquisition by SPX Corporation signals a focus on scaling operations and market competitiveness. This highlights the potential for partners to offer complementary technology solutions, integration services, or aftermarket support aligned with the company's growth and strategic goals.

Industry and Market Focus Operating across commercial, industrial, military, marine, and rail markets, ASPEQ serves diverse and high-demand sectors, creating opportunities for specialized products, custom thermal solutions, and engineering services tailored to these verticals.

Technology and Innovation Utilizing advanced tech stacks like AutoCAD, MySQL, and Shopify, ASPEQ emphasizes engineering precision and digital capability. Sales teams can explore offering IoT-enabled thermal management products, digital design services, or integrated control systems to enhance their product offerings.