SPX acquires Patterson-Kelley
This acquisition will broaden SPX’s HVAC platform in the high-efficiency boiler segment of the heating market.
SPX Corp.’s subsidiary, The Marley Co., LLC, Charlotte, N.C., purchased Patterson-Kelley, an East Stroudsburg, Pa.-based manufacturer and distributor of commercial boilers and water heaters. This acquisition will broaden SPX’s HVAC platform in the high-efficiency boiler segment of the heating market.
Patterson-Kelley will operate as a subsidiary of SPX and a part of the broader SPX HVAC platform, which consists of products from Weil-McLain, Marley Engineered Products, SPX Cooling Technologies and now Patterson-Kelley.
“Patterson-Kelley’s strong brand, technology and high-quality line of commercial boilers and water heaters are the perfect complement to SPX’s HVAC heating platform and Weil-McLain’s existing portfolio of commercial and residential boilers,” says John Swann, president of SPX’s HVAC heating and location and inspection groups. “This acquisition broadens SPX’s high-efficiency product offering and significantly strengthens our market coverage and application support capabilities. Specifying engineers and design-build contractors will be able to select from a wide range of high-efficiency commercial boilers from 399 MBH to 4,000 MBH, allowing us to better serve all major segments of the hydronic heating market. Weil-McLain will continue to sell primarily through its best-in-class distribution network, while Patterson-Kelley will focus more on engineering-driven project sales.”
“We are committed to meeting the evolving needs of our customers with ongoing investment and innovation,” adds Swann. “The addition of P-K to the SPX family reflects our strategic goals of providing technology leadership, application expertise and outstanding service to increase the value we deliver to the market. We are very excited about our future.”