Announced
Completed
Financials
Tags
Domestic
Friendly
Acquisition
Private
Machinery: Industrial
Majority
United States
industrial equipment
Single Bidder
Completed
Private Equity
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.