.
MergerLinks Header Logo

New Deal


Announced

Goldman Sachs Asset Management and Neuberger Berman to acquire a minority stake in Integrated Power Services from Searchlight Capital Partners.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Private

Private Equity

Pending

aftermarket services

electric motor repair

United States

Auto Services

Single Bidder

Acquisition

Minority

Domestic

Friendly

Synopsis

Edit

Private equity firms Goldman Sachs Asset Management and Neuberger Berman to acquire a minority stake in Integrated Power Services, an engineering company that offers electric motors and generators services, from Searchlight Capital Partners, a private equity firm. Financial terms were not disclosed. “IPS plays a crucial role in keeping our industrial complex up and running. Today’s transaction is important in supporting IPS’ next phase of growth, and it underscores our continued ability to provide highly attractive liquidity options to our investors, even in current market conditions," Eric Zinterhofer, Searchlight Co-Founder.

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US