Integrated Electrical Services' Magnetech Acquires Southern Rewinding

May 21, 2015

Magnetech Industrial Services, a wholly-owned subsidiary of Integrated Electrical Services (IES), has acquired all common stock and associated real estate of Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding, a Columbus, Georgia-based motor repair and field services company. Southern Rewinding will operate as a subsidiary of Magnetech within IES's Infrastructure Solutions segment, expanding Magnetech's geographic reach on the Gulf Coast and adding motor repair capabilities; Michael Phillips will remain as General Manager.

Buyers
Magnetech Industrial Services, Inc., Integrated Electrical Services, Inc.
Targets
Southern Industrial Sales and Services, Inc. (d/b/a Southern Rewinding)
Location
Georgia, United States
Transaction Type
Buyout

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