M&A Deal Summary

IPS Acquires TechPro Power Group

On December 19, 2025, IPS acquired test/measurement equipment company TechPro Power Group from Crescentia Capital

Acquisition Highlights
  • This is IPS’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is IPS’s 8th transaction in the United States.
  • This is IPS’s 1st transaction in Maryland.

M&A Deal Summary

Date 2025-12-19
Target TechPro Power Group
Sector Test/Measurement Equipment
Buyer(s) IPS
Sellers(s) Crescentia Capital
Deal Type Add-on Acquisition

Target

TechPro Power Group

Crofton, Maryland, United States
TechPro Power Group, through its subsidiaries TDS and Potomac, is a provider of electrical, instrumentation and controls testing and NETA-certified electrical testing and power quality surveys to the power, utility, refining, datacenter, institutional and commercial markets. TechPro Power Group was founded in 1993 and is based in Crofton, Maryland.

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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 13 of 13
Sector: Test/Measurement Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 12
State: Maryland M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 6 of 6
PREVIOUS 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 -

Seller(S) 1

SELLER

Crescentia Capital

Towson, Maryland, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 635M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crescentia Capital is the equity buyout arm of Calvert Street Investment Partners. The firm focuses on lower middle-market investments in industrial services, infrastructure services, and specialty manufacturing. Crescentia Capital focuses on companies with EBITDA between $3 million and $15 million. Crescentia Capital was formed in 1995 and is based in Towson, Maryland.


DEAL STATS #
Overall 12 of 12
Sector: Test/Measurement Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 8 of 8
State: Maryland M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-25 C&D Industrial Maintenance

Bradenton, Florida, United States

C&D Industrial Maintenance is a provider of service, repair, replacement and installation of commercial doors and loading docks across the Southeast. The Company serves a diverse customer base, including retailers, supply chain and industrial warehouses, industry partners and manufacturers. C&D Industrial Maintenance was founded in 2018 and is based in Bradenton, Florida.

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