Announced
Financials
Tags
United States
Single Bidder
Pending
Acquisition
Friendly
electrical equipment
Private
Domestic
electrical apparatus
Majority
Electrical Components
Synopsis
Integrated Power Services, a provider of repair and maintenance services for electric motors, generators and mechanical power transmission components, agreed to acquire Rotek Services, a provider of electrical apparatus and motor repair services. Financial terms were not disclosed. “This sale was years in the making. Over that time, we’ve come to know and respect the people at IPS. We admire their dedication to continuous improvement and the Unmatched Customer Experience. There’s a need for innovative wind power services in this region — we intend to take care of it," Brian McNeil, Rotek Founder and Owner.
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