Announced
Completed
Financials
Sources
Tags
power management solutions
power equipment
Energy / Utility Services
United States
Acquisition
Domestic
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
Integrated Power Services, a North American provider of solutions for industrial and commercial power and mechanical processes, acquired Southland Electrical Group, a Power Management service provider. Financial terms were not disclosed. “Today is a significant milestone for all of us at Southland. We are joining the fastest-growing power management and electromechanical solutions provider in the country to become part of Integrated Power Services (IPS). This partnership will allow us to provide expanded world-class products and services for our customers, which will continue to grow our leadership position in the market. Equally important is the opportunity for our team members to become part of a rapidly growing IPS organization. When we set out on this course, we committed to carefully selecting a partner with a similar approach to business and people. We found IPS to be an ideal fit for our company culture, mission, and values,” Mike Griggs, Southland Electrical Group President.
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