M&A Deal Summary

Shermco Industries Acquires Electrical Mechanical Services

On November 5, 2014, Shermco Industries acquired electrical equipment company Electrical Mechanical Services

Acquisition Highlights
  • This is Shermco Industries’ 2nd transaction in the Electrical Equipment sector.
  • This is Shermco Industries’ 1st transaction in the United States.
  • This is Shermco Industries’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-11-05
Target Electrical Mechanical Services
Sector Electrical Equipment
Buyer(s) Shermco Industries
Deal Type Add-on Acquisition

Target

Electrical Mechanical Services

Saint Paul, Minnesota, United States
Electrical Mechanical Services, Inc. is a provider of motor repair services. EMS services include electric motor and generator repair and remanufacturing, motor and generator field services, machining services, vibration analysis, machinery alignment and field balancing services, transformer field services and AC/DC drive service.

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Buyer(S) 1

Buyer

Shermco Industries

Irving, Texas, United States
Category Company
Founded 1974
Sector Business Services
DESCRIPTION

Shermco Industries is a provider of electrical testing, maintenance, commissioning, and repair services to a wide range of utility, industrial, energy, and other end markets. With more than 20 locations, Shermco serves a diversified blue-chip customer base across North America. The Company is an active participant in the InterNational Electrical Testing Association, Electrical Apparatus Service Association, and American Wind Energy Association. Shermco Industries was founded in 1974 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 12
Sector (Electrical Equipment) 2 of 4
Type (Add-on Acquisition) 2 of 11
State (Minnesota) 1 of 1
Country (United States) 1 of 9
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Magna Electric

Saskatoon, Saskatchewan, Canada

Magna Electric Corporation (MEC), a Canadian electrical power system engineering, testing, construction, manufacturing and commissioning service company based in Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 PRIT Service

Minooka, Illinois, United States

PRIT Service, Inc. is a provider of electrical testing and analysis services. PRIT services include maintenance and acceptance testing of electromechanical/solid state/microprocessor based relays and power distribution equipment on systems from 345 kV to 208/120 volts.

Buy -
Mergr

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