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  6. IPS Acquires ENA Electronics

M&A Deal Summary

IPS Acquires ENA Electronics

On December 3, 2025, IPS acquired electrical equipment company ENA Electronics

Acquisition Highlights
  • This is IPS’s 4th transaction in the Electrical Equipment sector.
  • This is IPS’s 5th transaction in Canada.
  • This is IPS’s 1st transaction in Ontario.

M&A Deal Summary
Date 2025-12-03
Target ENA Electronics
Sector Electrical Equipment
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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.

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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 12 of 12
Sector: Electrical Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 11 of 11
State: Ontario M&A 1 of 1
Country: Canada M&A 5 of 5
Year: 2025 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-08 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.

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