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New Deal


Announced

Integrated Power Services to acquire National Switchgear & National Field Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

electrical switchgear

Private

Pending

Acquisition

Friendly

Domestic

electrical distribution

Electronic Equipment: Other

Majority

Synopsis

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Integrated Power Services, a provider of electric motor and generator service for various continuous process industries, agreed to acquire National Switchgear & National Field Services, a provider of electrical distribution. Financial terms were not disclosed. “The combination of IPS and NATIONAL brings an opportunity to our clients, suppliers and employees that NATIONAL alone could not have done. To be a part of the industry’s leading independent services supplier, from generation to meter to motor, brings about an excitement for the future of our company and what it means for the industry we serve," Robert Koren, NATIONAL CEO.

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