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M&A Deal Summary

IPS Acquires Tesco Industries

On November 17, 2020, IPS acquired distribution company Tesco Industries from Tesco Group

Acquisition Highlights
  • This is IPS’s 1st transaction in the Distribution sector.
  • This is IPS’s 1st transaction in Canada.
  • This is IPS’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2020-11-17
Target Tesco Industries
Sector Distribution
Buyer(s) IPS
Sellers(s) Tesco Group
Deal Type Divestiture

Target

Tesco Industries

Saskatchewan, Canada
Tesco Industries is the Southern Saskatchewan Master Distributor for WEG products which include motors, generators, variable frequency drives, and soft starters. It is a stocking distributor and factory authorized warranty facility, Tesco carries a large selection of severe duty motor inventory available for immediate delivery.

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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 3 of 9
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Industrial Apparatus Services

Beaumont, Texas, United States

Industrial Apparatus Services, Inc. is a power services company specializing in the service and repair of electric motors and generators for petrochemical plants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-05 B & B Transformer

Farmington, Minnesota, United States

B & B Transformer specializes in designing, manufacturing, and servicing transformers and related electrical equipment. B & B Transformer provides solutions for various industries, including utilities, renewable energy, and industrial sectors. B & B Transformer is based in Farmington, Minnesota.

Buy -

Seller(S) 1

SELLER

Tesco Group

Regina, Saskatchewan, Canada
Category Company
Founded 1980
Sector Diversified
DESCRIPTION

Tesco Group is a Canadian based EPC firm that has been servicing its clients for the past 40 years and consists of the following business units: Tesco Electric, Tesco Industries, Tesco Manufacturing, and the latest addition, Tesco Automation. The Tesco Group of companies offer the design, construction, and commissioning of protection, automation, and controls systems, with a particular focus on IEC 61850 applications. Tesco’s offerings include turnkey substations, modular e-houses, and the fabrication of P&C panels; in addition to its professional IEC 61850 consultancy services that are part and parcel of our IEC 61850 University.com initiative. Tesco Group was formed in 1980 and is based in Regina, Saskatchewan.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

Product

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