Searchlight Capital-backed Integrated Power Services completed the acquisition of Tampa Armature Works.

Searchlight Capital-backed Integrated Power Services, the North American specialist in service, repair and engineering for power management, electro-mechanical and rotating assets, completed the acquisition of Tampa Armature Works, an industrial equipment distribution and services company. Financial terms were not disclosed. "The strategic acquisition of TAW represents a significant opportunity to join with a well-known, industry leading power services company. In addition to motor and generator repair, TAW brings IPS into new service segments such as Power Management and Custom Power Equipment. IPS looks forward to continuing to grow TAW’s service offerings, industry-leading customer experience and 101-year service history," John Zuleger, IPS President and CEO.