M&A Deal Summary

IPS Acquires MDL Énergie

On October 17, 2024, IPS acquired business services company MDL Énergie

Acquisition Highlights
  • This is IPS’s 3rd transaction in the Business Services sector.
  • This is IPS’s 3rd transaction in Canada.
  • This is IPS’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2024-10-17
Target MDL Énergie
Sector Business Services
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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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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 6 of 7
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 5 of 6
State (Quebec) 2 of 2
Country (Canada) 3 of 3
Year (2024) 3 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 Switchgear Solutions

Tucson, Arizona, United States

Switchgear Solutions provides various field, shop, and engineering services for power distribution and control equipment to mining, utilities, and industrial customers. Switchgear Solutions was founded in 1992 and is based in Tucson, Arizona.

Buy -
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