Announced
Financials
Sources
Tags
United States
Single Bidder
electrical switchgear
Private
Pending
Acquisition
Friendly
Domestic
electrical distribution
Electronic Equipment: Other
Majority
Synopsis
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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