M&A Deal Summary

IPS Acquires Tram Electric

On April 2, 2025, IPS acquired business services company Tram Electric

Acquisition Highlights
  • This is IPS’s 5th transaction in the Business Services sector.
  • This is IPS’s 6th transaction in the United States.
  • This is IPS’s 1st transaction in Utah.

M&A Deal Summary

Date 2025-04-02
Target Tram Electric
Sector Business Services
Buyer(s) IPS
Deal Type Add-on Acquisition

Target

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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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 9 of 9
Sector: Business Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 8 of 8
State: Utah M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-13 Demaria Electric Motor Services

Paramount, California, United States

Demaria Electric Motor Services is a provider of electromechanical services. Demaria Electric Motor Services was formed in 1977 and is headquartered in Paramount, California.

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