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SPX Closes Dock Unit Sale

Unit revenue is $150 million.

Maker of industrial products

SPX

(SPW)

said Tuesday that it completed the sale of its dock products business to management of

Dock Products

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and an affiliate of

Wynnchurch Capital

, a Lake Forest, Ill.-based middle-market private equity investment firm.

SPX Dock Products, based in Carrollton, Texas, has annual revenue of about $150 million, the Charlotte, N.C.-based company said.

"The sale of Dock Products further streamlines the company structure. Our strategic focus for growth remains on our three core segments, flow technology, test and measurement, and thermal equipment and services," the company added.

This story was created through a joint venture between TheStreet.com and IRIS.