Integrated Power Services Acquires Cortés Industrial

IPS Adds Leading Electromechanical Services Provider in Puerto Rico and Caribbean Region

Greenville, SC (May 21, 2024) – IPS, a North American leader in the servicing, engineering, and remanufacturing of electrical, mechanical, and power management assets, has acquired Cortés Industrial. Cortés is a leading electromechanical services provider specializing in the repair and remanufacturing of electric motors, generators, pump systems, and coatings for customers in the manufacturing, maritime, construction, commercial, power generation, and water/wastewater industries. The acquisition brings IPS, a well-respected, leading provider of electromechanical services in Puerto Rico and the Caribbean region.  Financial details of the transaction were not disclosed.

Cortés Industrial, located near San Juan in Caguas, Puerto Rico, was established in 1977 by Enrique Cortés. Since then, Cortés has experienced remarkable growth, earning an excellent reputation for providing repair services, field services, and distributing new equipment for their customers’ critical process equipment. Cortés performs many of these services from a well-equipped 58,000-square-foot service center, supported by skilled technicians who utilize a collection of tooling, fleet, and testing equipment to deliver services directly to customer locations.  This facility’s addition to IPS makes it part of a network of 50 electromechanical service centers spanning the US, Canada, and the Caribbean region, servicing over 30,000 industrial customer locations annually.

The addition of Cortés presents an opportunity for IPS to become a leading power management and electromechanical service provider throughout the Caribbean region. IPS will look to support Cortés with outstanding engineering, administrative, and operational capabilities from its resources, particularly from its Florida region. IPS is committed to investing in the Caribbean region to extend its industry-leading services to underserved customers.

“We were overwhelmed by the response and range of offers received during our selling process. After thorough analysis, considering factors such as organizational compatibility, culture, and alignment with our mission of minimizing customer downtime, we found IPS to be the ideal partner. Their understanding of our business, appreciation for our team, and shared commitment to providing value to customers and employees solidified our decision. Our team looks forward to partnering with IPS,” said Enrique Cortés, Cortés CEO.

“IPS is excited to add a leading regional player like Cortés to the IPS service network,” said John Zuleger, IPS President and CEO. “For over 40 years, Cortés has been building its service offering to support the reliability of its customers’ critical process equipment. This capability is important to customers looking to expand operations, sometimes amid devastating natural disasters affecting the Caribbean. IPS looks forward to investing in Cortés to add to its offering and help customers revolutionize process reliability.”

For more information on IPS and its latest acquisition or to arrange an interview with IPS senior management, contact Megan Thompson, IPS Director of Marketing, at 864.451.5636 or [email protected].

About Integrated Power Services

Headquartered in Greenville, South Carolina, IPS has the industry’s largest network of locations, with service centers, distribution centers, and field service offices across North America, combining industry-specific experience with comprehensive engineering resources to revolutionize reliability for customers. For more information, visit www.ips.us

Share this post

Facebook
Twitter
LinkedIn
Email
Related Posts