Searchlight Capital Acquires Majority Stake in Integrated Power Services
October 19, 2021
Funds advised by Searchlight Capital Partners agreed to acquire a majority stake in Integrated Power Services (IPS) from funds advised by Odyssey Investment Partners. IPS, headquartered in Greenville, South Carolina, is an industrial aftermarket services provider for motors, generators, pumps and power systems across industrial and renewable energy end-markets; the deal is expected to close later this year subject to customary regulatory approvals.
- Buyers
- Searchlight Capital Partners
- Targets
- Integrated Power Services
- Sellers
- Odyssey Investment Partners, LLC
- Industry
- Industrial Services
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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