CRAWFORD UNITED Corp: management transactions · United States · SEC (Form 4)

About CRAWFORD UNITED Corp

Crawford United Corporation (ticker: CRAWA) is a U.S.-based industrial holding company listed in the American public markets, with market data and investor coverage often appearing in the NYSE/NASDAQ universe even though the stock is commonly followed in micro-cap/OTC-oriented market references. The company is headquartered in Cleveland, Ohio, United States. It was founded in 1910, organized as an Ohio corporation in 1915, and first offered securities to the public in 1959. These longstanding roots matter because Crawford United combines a century-old industrial heritage with a modern acquisition-led portfolio strategy. ([sec.gov](https://www.sec.gov/Archives/edgar/data/47307/000143774925005328/crawa20241231_10k.htm)) Crawford United currently reports two operating segments. Its Commercial Air Handling Equipment business was added in 2017 through the purchase of assets and liabilities associated with Air Enterprises in Akron, Ohio. That business designs, manufactures, and installs large-scale custom air handling solutions for commercial, institutional, and industrial customers, with meaningful exposure to healthcare and education end markets. The company’s second segment, Industrial and Transportation Products, includes flexible interlocking metal hoses, silicone and hydraulic hoses, complex engineered components, coatings, highly engineered forgings and machined parts, and certain data analytics technology applications through Data Genomix. This structure gives Crawford United a diversified industrial profile across transportation, aerospace, defense, petrochemical, industrial gas turbine, medical prosthetics, alternative energy, and emergency vehicle markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/47307/000143774925005328/crawa20241231_10k.htm)) From a competitive standpoint, Crawford United is best understood as a niche industrial operator rather than a scale commodity manufacturer. Its competitive advantage lies in specialization, custom engineering, and customer intimacy. In air handling, the business competes on project-based design-and-build capability and vertically integrated manufacturing. In industrial and transportation products, it serves demanding end markets where technical specifications, reliability, and recurring customer relationships are important. The result is a portfolio that can be resilient in selected niches, but still exposed to execution risk, customer concentration, and integration demands from acquisitions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/47307/000143774925005328/crawa20241231_10k.htm)) A key recent development was the January 2, 2025 acquisition of Rahn Industries by Crawford AE LLC, Air Enterprises’ wholly owned subsidiary. The transaction closed for approximately $13 million in cash, subject to customary post-closing adjustments, and strengthens Crawford United’s commercial air handling platform. For 2024, the company also disclosed a higher total sales base than in 2023, with Commercial Air Handling contributing a larger share of segment operating profit. For investors, CRAWA should be viewed as a small-cap U.S. industrial platform with an acquisition pipeline, exposure to specialty end markets, and potential upside tied to disciplined capital allocation and integration performance. ([sec.gov](https://www.sec.gov/Archives/edgar/data/47307/000143774925005328/crawa20241231_10k.htm))