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New Deal


Announced

Completed

Integrated Power Services completed the acquisition of Southland Electrical Group.

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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power management solutions

power equipment

Energy / Utility Services

United States

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Completed

Synopsis

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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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