SPX Cooling Technologies

What SPX Cooling Technologies does

SPX Cooling Tech, LLC is a global manufacturer of cooling towers, evaporative fluid coolers, evaporative condensers, and air-cooled heat exchangers, operating under the Marley, Recold, and SGS sub-brands. Founded in 1922 with corporate headquarters in Overland Park, Kansas, the company operates as a wholly-owned subsidiary of SPX Technologies (NYSE:SPXC) and employs between 501 and 1,000 people across a network of more than 150 offices, subsidiaries, and partners in North America, the UK/EMEA, and additional international markets. Its product portfolio spans factory-assembled cooling towers (NC, NC Everest, MD Everest), field-erected units (Marley 600 and 800 series for power generation and large industrial sites), closed-circuit fluid coolers (MH Element, LW, DT, OlympusV, OlympusMAX adiabatic platforms), supporting components (fill media, gear reducers, fans, controls), and water management modules (WaterGard, BasinGard, ClearSky plume abatement). The company sells primarily to enterprise customers in data centers, power generation, petrochemical, HVAC, and industrial refrigeration, with hyperscale data centers having become a primary growth vertical.

The company monetizes through three principal streams: capital equipment sales (factory-assembled and field-erected cooling towers and fluid coolers), aftermarket parts and components (Marley OEM gearboxes, motors, drives, fill, drift eliminators, nozzles, and valves), and services (reconstruction, thermal performance testing, gearbox diagnostics, materials testing, fill fouling evaluation, and the School of Cool training program). Pricing is quote-based rather than publicly disclosed and varies by configuration, capacity, and site requirements. Distribution runs through independent sales representatives, direct Marley sales offices in the US, UK, and Canada, brand-specific channels for SGS and Recold, and online product selection tools (CoolSpec, Marley FIT) used by specifying engineers.

Growth is being driven by hyperscale data center demand, with the parent company reporting a $755 million HVAC backlog up 38% organically, 22% year-over-year segment revenue growth, and guidance that data center sales will represent approximately 50% of segment revenue in 2026. The company is investing over $100 million in HVAC manufacturing capacity expansion and has launched the OlympusMAX adiabatic fluid cooler, achieved first-mover CTI Sound Certification, and added a new Springfield, Missouri manufacturing facility to support that demand. Strategic acquisitions of Cincinnati Fan (2021) and TAMCO (2023) have extended the platform into engineered air movement adjacent to the core cooling tower franchise.

Name

SPX Cooling Technologies

Legal name

SPX Cooling Tech, LLC

Website

https://spxcooling.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SPX Cooling Technologies manufactures evaporative cooling towers, fluid coolers, condensers, and adiabatic cooling systems under the Marley, Recold, and SGS brands for hyperscale data centers, power generation, industrial process cooling, and commercial HVAC markets worldwide.

Ownership category

akta.pro rank

Product category

Industrial Cooling Equipment

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)

akta.pro primary industry

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industries

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Evaporative cooling towers
• Industrial fluid coolers
• HVAC heat rejection
• Data center cooling
• Process cooling equipment

Headquarters

HQ city

Overland Park

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Cooling Tower Equipment Sales: Sale of factory-assembled and field-erected cooling towers, fluid coolers, evaporative condensers, and air-cooled heat exchangers. Products include Marley NC, MD, AV, F400, F600, F800 series cooling towers, and specialty products.
2. Aftermarket Parts and Components: Replacement parts including gearboxes, motors, drives, fans, cylinders, couplings, driveshafts, fill, drift eliminators, nozzles, valves, and Marley OEM parts for cooling tower maintenance and repairs.
3. Services and Support: Services including cooling tower reconstruction, thermal performance testing, gearbox diagnostics and repair, materials testing, fill fouling evaluation, and emergency service. Also includes School of Cool training programs.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

SPX Cooling Technologies manufactures cooling towers, evaporative fluid coolers, evaporative condensers, and air-cooled heat exchangers under the Marley brand. The portfolio spans factory-assembled and field-erected towers (NC, MD, F400, F600, F800 series), closed-circuit fluid coolers (MH, LW, DT, OlympusV, OlympusMAX), plume abatement systems, and aftermarket parts and services for HVAC, industrial process, data center, and refrigeration markets.

Product overview

SPX Cooling Technologies is a leading global manufacturer of cooling towers, evaporative fluid coolers, evaporative condensers, and air-cooled heat exchangers under the Marley brand. The product portfolio spans factory-assembled cooling towers (NC, NC Everest, MD Everest series), field-erected towers (600 and 800 series for large industrial applications), closed-circuit fluid coolers (MH Element, LW, DT, OlympusV, OlympusMAX), and plume abatement solutions (ClearSky). Supporting components include film fills (MX, MBX EZ Pack), gearboxes (MarleyGeareducer), fans, and water management systems (WaterGard, BasinGard). The company also offers proprietary selection tools (CoolSpec, Marley FIT) and a water calculator. Additional brands include Recold for commercial refrigeration and SGS for industrial refrigeration (acquired 2019).

Differentiator

Problem solved

Functional benefit

Brands

• Marley: Primary brand for cooling towers, fluid coolers, and cooling tower components. Marley has been manufacturing evaporative cooling equipment for over 100 years.
• Recold
• SGS

Products and services

• Marley NC Cooling Tower Factory-assembled crossflow cooling tower providing reliable HVAC and industrial process cooling with proven design and robust construction.
• Marley NC Everest Cooling Tower Modular crossflow cooling tower with nearly three times the cooling capacity per cell compared to standard NC models, offering faster delivery and installation.
• Marley MD Everest Cooling Tower Modular counterflow cooling tower offering higher capacity and flow rates for large HVAC and industrial applications with faster delivery.
• Marley 800 Natural Draft Cooling Tower Field erected natural draft cooling tower capable of reaching up to 200m/655 feet in height, designed for large power stations and industrial plants requiring maximum cooling water quantities without fan power consumption.
• Marley 600 Field Erected Cooling Tower Field erected crossflow cooling tower with proven 60+ year history, offering versatility through various fill options for heavy industrial use with GPM range of 3000-30000.
• Marley OlympusMAX Fluid Cooler Modular dry and adiabatic cooling platform designed for hyperscale data centers with patent-pending recirculating adiabatic design that reduces water discharge while improving efficiency. Units range from 120 to 240 horsepower.
• Marley OlympusV Adiabatic Fluid Cooler Adiabatic cooling system providing flexible cooling solutions for commercial refrigeration, industrial refrigeration, and data centers with water-efficient operation.
• Marley MH Element Fluid Cooler Induced draft crossflow closed-circuit fluid cooler with copper coils offering up to 15% higher thermal capacity and 20% lighter weight than compatible steel coil units.
• Marley LW Fluid Cooler Compact fluid cooler delivered as a single-piece unit with factory-installed controls, single-point power connection, and factory wiring and testing for quick installation.
• Marley DT Fluid Cooler Induced draft closed-circuit fluid cooler with Aero-X finned coil technology that maximizes thermal capacity per row and expands dry operation flexibility.
• Marley ClearSky Plume Abatement Fully integrated plume abatement system using PVC heat exchanger modules to condense moisture before tower exit, reducing visible plume for improved aesthetics, safety, and permitting.
• Recold Commercial Refrigeration Products Commercial refrigeration products including JC Evaporative Condenser, JT products, and JW Fluid Cooler for industrial and commercial cooling applications.
• SGS Industrial Refrigeration Products Industrial refrigeration products including IEC Evaporative Condenser and PC Series Industrial Evaporator for ammonia-based industrial refrigeration applications.
• Cooling Tower Reconstruction Services Cooling tower reconstruction, thermal performance testing, gearbox diagnostics and repair, materials testing, fill fouling evaluation, and emergency service for installed base.
• Marley WaterGard Water Management System Water optimization and filtration system that helps reduce blowdown and total water consumption for packaged evaporative cooling products.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and notable.

• SGS Refrigeration, Inc.coreStrategic or Co-development Partner · 8 July 2019SPX acquired SGS Refrigeration, Inc. in 2019, expanding into industrial refrigeration products including SGS brand IEC evaporative condensers and PC series industrial evaporators for ammonia-based applications.
• NET Power, LLCnotableStrategic or Co-development PartnerNET Power operates a 50MW demonstration natural gas power plant in La Porte, Texas featuring Marley NC cooling towers. The plant utilizes SPX cooling technology as part of the first large-scale supercritical carbon dioxide power system demonstration.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Baltimore Aircoil Company (BAC): BAC is a global manufacturer of evaporative cooling towers, adiabatic and dry coolers, and ice thermal storage serving HVAC, industrial process, and data center customers. The company directly competes with Marley across closed-circuit fluid coolers, hybrid cooling, and field-erected towers.
• Hamon: Hamon is a Belgium-based engineering group specializing in cooling systems, including natural draft and mechanical draft cooling towers, heat exchangers, and air-cooled condensers for power generation and industrial customers. It competes directly with SPX's natural draft and field-erected tower product lines.
• API Heat Transfer (formerly API Basco): API Heat Transfer is a US-based manufacturer of heat exchangers, including air-cooled and shell-and-tube units used in industrial process cooling and HVAC. Its heat exchanger portfolio competes with SPX's fluid cooler and air-cooled heat exchanger products.
• EVAPCO: EVAPCO is a leading global manufacturer of evaporative cooling towers, closed-circuit coolers, and ice thermal storage products for HVAC, industrial, and refrigeration markets. It is SPX's most direct competitor in factory-assembled and field-erected cooling towers with overlapping end markets including data centers.
• Kelvion: Kelvion is a global manufacturer of heat exchangers, including plate, shell-and-tube, and air-cooled units used in HVAC, refrigeration, power, and data center cooling. Its heat exchanger portfolio overlaps with SPX's fluid cooler and air-cooled heat exchanger product lines.
• Enexio (SPX acquired from Hamon/Kühni): Enexio is a European specialist in evaporative cooling towers, dry and adiabatic coolers, and process cooling solutions for industrial and power customers. Its portfolio closely mirrors SPX Cooling's industrial/process cooling offerings, especially in EMEA.

Broad incumbents

• Johnson Controls: Johnson Controls is a major HVAC and building solutions provider offering chillers, air-cooled and water-cooled equipment for commercial and data center applications. It competes with SPX's HVAC and fluid cooler offerings as part of a broader building systems portfolio.
• Trane Technologies: Trane Technologies is a diversified global HVAC manufacturer offering chillers, air handlers, and thermal management solutions including data center cooling. While not focused on cooling towers, its broad thermal portfolio competes for data center and commercial cooling specifications.
• Carrier Global: Carrier is a global HVAC manufacturer offering chillers, air handling, and refrigeration systems for commercial and industrial customers. Its industrial refrigeration and HVAC portfolios overlap with SPX's Recold, SGS, and HVAC/building segments.

Emerging players

• EVAPCO LSTE / Dry Coolers Inc. Dry Coolers Inc. is a US-based manufacturer of dry and adiabatic fluid coolers focused on data center and industrial applications. As an emerging specialist, it overlaps with SPX's OlympusMAX and OlympusV adiabatic platforms targeting hyperscale customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCFYlKWqW008utTijO19lfQg
• Facebookfacebook.com/SPXCoolingTech
• LinkedInlinkedin.com/company/spx-cooling-technologies
• Instagraminstagram.com/spxcoolingtech
• Xx.com/SPXCoolingTech

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPX Cooling Technologies