SPX Corporation, a Charlotte, North Carolina–based global supplier of highly engineered products and technologies, has selected DealCloud as its single source of truth. The firm will leverage DealCloud to track deal sources and intermediaries, manage its pipeline across multiple business units, and automate workflows.
“We’re excited to implement DealCloud,” said Ashley McFarland, Director of Strategic Finance and Business Development at SPX Corporation. “DealCloud will enable us to streamline our deal pipeline process and automate our corporate development activities across our strategic platforms.”
SPX Corporation, along with its subsidiaries, is a diversified, global supplier of infrastructure equipment with scalable growth platforms in heating, ventilation, and air conditioning (HVAC), as well as detection and measurement. With operations in 15 countries and more than $1 billion in annual revenue, the firm offers a wide array of highly engineered products with strong brands.
SPX Corporation’s business strategy is focused on driving growth in its HVAC and detection and measurement businesses through new product innovation, geographic and channel expansion, entry into adjacent markets, and targeted strategic initiatives.
“We’re very excited to partner with SPX Corporation,” said Ben Harrison, President of Financial Services at DealCloud. “SPX Corporation is committed to providing new technology and product expansion to customers around the world, and we’re honored to help the firm drive its businesses forward.”
DealCloud, by Intapp, provides a single-source deal, relationship, and firm management platform that enables firms to power their dealmaking process from strategy to origination to execution. We offer fully configurable solutions purpose-built for the complex relationships and structures of private equity and growth capital firms, investment banks, private and publicly traded companies, debt capital providers, and other investors. For more information, visit dealcloud.com.
About SPX Corporation
SPX Corporation is a diversified, global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Corporation has more than 3,100 employees in 15 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit spx.com.