M&A Deal Summary

IPS Acquires Switchgear Solutions

On December 19, 2024, IPS acquired electrical equipment company Switchgear Solutions

Acquisition Highlights
  • This is IPS’s 3rd transaction in the Electrical Equipment sector.
  • This is IPS’s 4th transaction in the United States.
  • This is IPS’s 1st transaction in Arizona.

M&A Deal Summary
Date 2024-12-19
Target Switchgear Solutions
Sector Electrical Equipment
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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.

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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 7 of 7
Sector (Electrical Equipment) 3 of 3
Type (Add-on Acquisition) 6 of 6
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2024) 4 of 4
PREVIOUS 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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