M&A Deal Summary

IPS Acquires DUALElectrotech

On September 10, 2024, IPS acquired electrical equipment company DUALElectrotech

Acquisition Highlights
  • This is IPS’s 2nd transaction in the Electrical Equipment sector.
  • This is IPS’s 2nd transaction in Canada.
  • This is IPS’s 1st transaction in Quebec.

M&A Deal Summary
Date 2024-09-10
Target DUALElectrotech
Sector Electrical Equipment
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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.

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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 5 of 6
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Quebec) 1 of 2
Country (Canada) 2 of 3
Year (2024) 2 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 MDL Énergie

Terrebonne, Quebec, Canada

MDL Énergie provides an extensive range of services, including inspection, maintenance, commissioning, repair, and modernization of power, control, and protection solutions, along with technical expertise and engineering services, throughout Canada. MDL Énergie is based in Terrebonne, Quebec.

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