M&A Deal Summary

IES Acquires Plant Power & Control Systems

On February 21, 2020, IES acquired electrical equipment company Plant Power & Control Systems

Acquisition Highlights
  • This is IES’s 5th transaction in the Electrical Equipment sector.
  • This is IES’s 12th transaction in the United States.
  • This is IES’s 1st transaction in Alabama.

M&A Deal Summary

Date 2020-02-21
Target Plant Power & Control Systems
Sector Electrical Equipment
Buyer(s) IES
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Plant Power & Control Systems

Birmingham, Alabama, United States
Plant Power & Control Systems, Inc. is a manufacturer and installer of custom-engineered power distribution equipment. Plant Power & Control Systems is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

IES

Houston, Texas, United States

Category Company
Founded 1997
Sector Business Services
Employees8,028
Revenue 2.4B USD (2023)
DESCRIPTION

IES is a consisted of a group of electrical contractors provides communications, residential, commercial and industrial, and infrastructure solutions to a variety of end markets. IES was founded in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 12 of 16
Sector (Electrical Equipment) 5 of 6
Type (Add-on Acquisition) 12 of 16
State (Alabama) 1 of 1
Country (United States) 12 of 16
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Aerial Lighting & Electric

Naugatuck, Connecticut, United States

Aerial Lighting & Electric, Inc. is an electrical contractor specializing in the design and installation of electrical systems for multi-family developments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 KEP Electric

Batavia, Ohio, United States

KEP Electric, Inc. is an electrical contractor specializing in the design and installation of electrical systems for single-family housing and multi-family developments. KEP Electric is based in Batavia, Ohio.

Buy -