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New Deal


Announced

Integrated Power Services to acquire Industrial Electric Machinery, Reed Electric & Field Service, and A+ Electric Motor.

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

Friendly

mechanical services

Acquisition

Single Bidder

Majority

Pending

energy mechanical services

Energy / Utility Services

Domestic

Private

Synopsis

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Integrated Power Services, a provider of electric motor and generator services, agreed to acquire Industrial Electric Machinery, Reed Electric & Field Service, and A+ Electric Motor, three industrial services firms. Financial terms were not disclosed. "Industrial Electric Machinery has a longstanding reputation as a leader in power and rotating equipment services. IPS shares our desire to be world class, to be a destination for customers and employees, and to be thought leaders in the space. It was evident immediately that IPS is a great fit and we’re excited to join the IPS team!," Spencer Wiggins, IEM President.

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