# CRAWFORD UNITED Corp — merger [completed]
Source: SEC API (secapi.ai) · situation sit_9f9ebde0a7312aeac945 · retrieved 2026-08-11T16:13:21.425Z

## Overview
Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets including healthcare, aerospace, defense, education, transportation, and petrochemical through its wholly-owned subsidiaries.

SPX Enterprises, LLC (through its subsidiary Project King Acquisition, Inc.) will acquire Crawford United Corporation in an all-cash merger for an aggregate transaction value of $300 million. Each outstanding Crawford United common share will receive $84.44 in cash at the effective time, subject to adjustments for indebtedness and expenses; as of the proxy statement date, the estimated consideration is approximately $83.42 per share after such adjustments. The merger agreement was dated December 5, 2025, and the special shareholder meeting is scheduled for February 3, 2026. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions including Hart-Scott-Rodino antitrust clearance and shareholder approval by majority vote and at least two-thirds of Class A shares.

## Terms
- Counterparty: SPX Enterprises, LLC · Deal value: $300.0M · Consideration: cash · Premium: 48.0% · Price/share: $83.42

## Key dates
- Record 2026-01-05 · Vote 2026-02-03 · Expiry 2026-06-05 · Expected close 2026-03-31 · Completed 2026-02-06

## Timeline
- 2026-01-05 · DEFM14A (0001437749-26-000391): DEFM14A - CRAWFORD UNITED Corp — *Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets including healthcare, aerospace, defense, education, transportation, and petrochemical through its wholly-owned subsidiaries.* SPX Enterprises, LLC (through its subsidiary Project King Acquisition, Inc.) will acquire Crawford United Corporation in an all-cash merger for an aggregate transaction value of $300 million. Each outstanding Crawford United common share will receive $84.44 in cash at the effective time, subject to adjustments for indebtedness and expenses; as of the proxy statement date, the estimated consideration is approximately $83.42 per share after such adjustments. The merger agreement was dated December 5, 2025, and the special shareholder meeting is scheduled for February 3, 2026. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions including Hart-Scott-Rodino antitrust clearance and shareholder approval by majority vote and at least two-thirds of Class A shares.
  https://www.sec.gov/Archives/edgar/data/47307/0001437749-26-000391.txt
- 2026-02-06 · 8-K (0001437749-26-003270): 8-K FORM 8-K
  https://www.sec.gov/Archives/edgar/data/47307/000143774926003270/crawa20260205_8k.htm

## Citations
- 0001437749-26-000391 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926000391
- 0001437749-26-003270 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926003270