M&A Deal Summary

IPS Acquires B & B Transformer

On September 5, 2024, IPS acquired electrical equipment company B & B Transformer

Acquisition Highlights
  • This is IPS’s 1st transaction in the Electrical Equipment sector.
  • This is IPS’s 3rd transaction in the United States.
  • This is IPS’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2024-09-05
Target B & B Transformer
Sector Electrical Equipment
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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.

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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 4 of 7
Sector (Electrical Equipment) 1 of 3
Type (Add-on Acquisition) 3 of 6
State (Minnesota) 1 of 1
Country (United States) 3 of 4
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 DUALElectrotech

Sherbrooke, Quebec, Canada

DUALElectrotech provides low-, medium- and high-voltage electrical products and services to customers in the electric power generation, commercial, agriculture, steel and aluminum, pulp and paper, and refinery markets. DUALElectrotech was founded in 1995 and is based in Sherbrooke, Quebec.

Buy -
Mergr

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