SPX Technologies Announces Retirement of J. Randall Data and Strategic Acquisitions
DATA AND AI INFRASTRUCTURE
SPX Technologies, Inc. announced the retirement of J. Randall Data, President of Global Operations and Data Center Solutions, effective March 20, 2026. The company has expanded its operations through the acquisition of Thermolec Ltd. for approximately $140 million and a definitive agreement to acquire Crawford United Corporation for about $300 million, aimed at enhancing its HVAC capabilities. Additionally, SPX appointed Daniel Whitman as the new Vice President and General Counsel, while TD Cowen initiated coverage on the company with a Hold rating.

Feb 4, 2026, 6:16 AM