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 Utilities
DESCRIPTION

Shermco Industries, Inc. 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.

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 -
Mergr

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Company

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