M&A Deal Summary

IPS Acquires Power Systems Testing

On May 1, 2025, IPS acquired test/measurement equipment company Power Systems Testing

Acquisition Highlights
  • This is IPS’s 1st transaction in the Test/Measurement Equipment sector.
  • This is IPS’s 7th transaction in the United States.
  • This is IPS’s 2nd transaction in California.

M&A Deal Summary

Date 2025-05-01
Target Power Systems Testing
Sector Test/Measurement Equipment
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

Power Systems Testing

Livermore, California, United States
Power Systems Testing provides electrical equipment evaluation; arc flash hazard analysis; extensive field services; ground fault, acceptance and maintenance testing; system commissioning; engineering; and more. PST was founded in 1975 and is based in Livermore, California.

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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 10 of 13
Sector: Test/Measurement Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 12
State: California M&A 2 of 2
Country: United States M&A 7 of 8
Year: 2025 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 Tram Electric

Price, Utah, United States

Tram Electric is a supplier of electromechanical products and services to customers in Utah, Arizona, Wyoming, and Colorado with a four-location service network. The company’s experience and expertise include remanufacturing and repairing generators, pumps, voltage regulators, transformers, motors of all types, control panels, switch gear and phase converters. It also provides additional services such as color photographic documentation repair reports, computerized coil manufacturing, vacuum pressure impregnations of epoxy systems, surge comparison equipment, computerized dynamic balancing, dynamometer load test equipment, burn-off and baking equipment and 24-hour emergency repair. Tram Electric was formed in 1981 and is based in Price, Utah.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-08 CFM Services

Saint-Jean-sur-Richelieu, Quebec, Canada

CFM Services delivers engineering solutions, commissioning, maintenance, thermographic inspections, oil analysis, and transformer reconditioning for utility, commercial, and industrial customers. CFM Services is based in Saint-Jean-sur-Richelieu, Quebec.

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