M&A Deal Summary

Shermco Industries Acquires Ready Engineering

On January 12, 2021, Shermco Industries acquired engineering company Ready Engineering

Acquisition Highlights
  • This is Shermco Industries’ 1st transaction in the Engineering sector.
  • This is Shermco Industries’ 3rd transaction in Canada.
  • This is Shermco Industries’ 1st transaction in Alberta.

M&A Deal Summary
Date 2021-01-12
Target Ready Engineering
Sector Engineering
Buyer(s) Shermco Industries
Deal Type Add-on Acquisition

Target

Ready Engineering

Spruce Grove, Alberta, Canada
Ready Engineering Corp. is a provider of electrical, controls, and industrial information systems. Ready Engineering operates in a diverse range of sectors across North America. Ready Engineering's specialty services include design and field engineering, power system designs, control system installations, and upgrades, software verification and validation, commissioning, start-up support, generator testing, and dynamic modeling, NERC/CIP, protection coordination, substation protection, and CEMS automation. Ready Engineering is based in Spruce Grove, Alberta.

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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 8 of 12
Sector (Engineering) 1 of 2
Type (Add-on Acquisition) 8 of 11
State (Alberta) 1 of 1
Country (Canada) 3 of 3
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Enthalpy Energy Services

Denver, Colorado, United States

Enthalpy Energy Services is a professional engineering, field engineering, startup & commissioning, and field-testing services organization serving all energy sectors. Enthalpy offers key solutions for new projects, retrofits, upgrades, operations & maintenance, decommissioning lockout-tagout administration. Enthalpy Energy Services was established in 2017 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Innovative Electric

Everett, Washington, United States

Innovative Electric is a design-build electrical contracting business, based in Everett, Washington. Innovative has a background of value engineering and electrical installation while providing customers with specialized and complex commercial, industrial, and automation-related problem-solving solutions, including design-build services and electrical engineering, for over 25 years.

Buy -
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