M&A Deal Summary

IPS Acquires CFM Services

On September 8, 2025, IPS acquired business services company CFM Services

Acquisition Highlights
  • This is IPS’s 6th transaction in the Business Services sector.
  • This is IPS’s 4th transaction in Canada.
  • This is IPS’s 3rd transaction in Quebec.

M&A Deal Summary

Date 2025-09-08
Target CFM Services
Sector Business Services
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

CFM Services

Saint-Jean-sur-Richelieu, Quebec, Canada
CFM Services delivers engineering solutions, commissioning, maintenance, thermographic inspections, oil analysis, and transformer reconditioning for utility, commercial, and industrial customers. CFM Services is based in Saint-Jean-sur-Richelieu, Quebec.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

IPS

Greenville, South Carolina, United States

Category Company
Founded 2007
Sector Business Services
DESCRIPTION
IPS' corporate headquarters in Greenville, South Carolina.
IPS' corporate headquarters in Greenville, South Carolina.

IPS is a provider of maintenance, repair, and replacement solutions for critical process equipment serving industrial and renewable energy end markets in North America. IPS was founded in 2007 and is headquartered in Greenville, South Carolina.


DEAL STATS #
Overall 11 of 12
Sector: Business Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 10 of 11
State: Quebec M&A 3 of 3
Country: Canada M&A 4 of 5
Year: 2025 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-01 Power Systems Testing

Livermore, California, United States

Power Systems Testing provides electrical equipment evaluation; arc flash hazard analysis; extensive field services; ground fault, acceptance and maintenance testing; system commissioning; engineering; and more. PST was founded in 1975 and is based in Livermore, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-03 ENA Electronics

Hamilton, Ontario, Canada

ENA Electronics is an engineering and repair firm specialising in industrial electronics, focusing on repairing, testing, refurbishing and reverse-engineering electronic components. ENA Electronics was founded in 2000 and is based in Hamilton, Ontario.

Buy -