Integrated Power Services Acquires Industrial Electric Motor Works
December 15, 2020
Integrated Power Services (IPS) has acquired Industrial Electric Motor Works, Inc., a Meridian, Mississippi-based full-service electric motor and generator service company. The acquisition expands IPS’s service footprint and distribution capabilities in the Southeastern United States; Industrial Electric’s founder Tom McDaniel and his sons will join IPS to support integration.
- Targets
- Industrial Electric Motor Works, Inc.
- Sellers
- Tom McDaniel / McDaniel family (owners of Industrial Electric Motor Works)
- Industry
- Industrial Services
- Location
- Mississippi, United States
- Transaction Type
- Buyout
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