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M&A Deal Summary

Sparkstone Electrical Group Acquires IER

On January 23, 2023, Sparkstone Electrical Group acquired electrical equipment company IER

Acquisition Highlights
  • This is Sparkstone Electrical Group’s 1st transaction in the Electrical Equipment sector.
  • This is Sparkstone Electrical Group’s 1st transaction in the United States.
  • This is Sparkstone Electrical Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-01-23
Target IER
Sector Electrical Equipment
Buyer(s) Sparkstone Electrical Group
Deal Type Add-on Acquisition

Target

IER

Humble, Texas, United States
IER partners with electrical distributors and manufacturers to offer quick solutions to power distribution and motor control needs. IER’s specialties is the ability to create non-standard and/or custom packaged solutions. IER is based in Humble, Texas.

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Buyer(S) 1

Buyer

Sparkstone Electrical Group

Addison, Illinois, United States
Category Company
Founded 1936
Sector Electrical Equipment
DESCRIPTION

Sparkstone Electrical Group is a manufacturer of custom?engineered electrical power distribution equipment, including switchgear, switchboards and panelboards. Sparkstone Electrical Group was founded in 1936 and is based in Addison, Illinois.

DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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