Searchlight Capital to acquire a majority stake in Integrated Power Services form Odyssey Investment.

Searchlight Capital, a private investment firm, agreed to acquire a majority stake in Integrated Power Services, a provider of electric motor and generator service, form Odyssey Investment, a private equity investment firm. Financial terms were not disclosed. “The diverse and highly re-occurring nature of IPS’ customer base illustrates the differentiated service quality that the Company is able to provide its customers. With a proven management team and a superior customer value proposition, IPS has an exciting opportunity to continue its strong growth trajectory in a fragmented market," Eric Zinterhofer, Searchlight Founding Partner.