Integrated Power Services acquires Industrial Electric Motor Works, Inc.ssears
IPS expands service coverage and distribution with acquisition of electric motor & generator service company in Meridian, MS
(Greenville, SC — December 15, 2020) IPS, the North American leader in service, repair and engineering for electric motors and generators, continues to grow with its acquisition of Industrial Electric Motor Works, Inc.
Located in Meridian, MS, Industrial Electric Motor Works is a full-service electric motor and generator service company. Tom McDaniel, Founder, opened the business in 1965. Today, the company employs 56 people and serves industrial customers across the Southern US. Industrial Electric runs a well-equipped repair shop for electric motors up to 5,000 HP, with comprehensive field services for drives, motors, generators, pumps, fans, controls and gearboxes.
Industrial Electric also has a market-leading distribution operation. The company maintains extensive, inventories, including Toshiba, Baldor, Lafert and Brook Hansen electric motors, Toshiba variable frequency drives, and Sumitomo and SEW-Eurodrive gear reducers.
The acquisition expands the IPS service footprint and strengthens its distribution business, particularly in the Southeast. Tom McDaniel’s sons, Tony, Industrial Electric’s President, and Stephen, Service and Repair Manager, will join IPS and support the company’s integration into the IPS North American network.
“The Industrial Electric Motor Works family is proud to join IPS,” said Tony McDaniel. “IPS shares our values and commitment to the customer, so we’re excited to see what we can do together.”
“We’re proud to add Industrial Electric to our North American network, which now has 20 service centers and 30 locations,” said John Zuleger, IPS President & CEO. “What stood out to us about IEMW was their excellent reputation with customers. To have ongoing operations for 55 years is remarkable, but it’s truly extraordinary to see it done so well for so long.
“Tony and Stephen McDaniel have built a great business with a top-notch team. We’re confident their resources and relationships will support our continuing growth and that we’ll learn from the way they deliver customer excellence.”
Pete Smith, C&S Associates, Birmingham, Alabama served as financial advisor to Industrial Electric Motor Works on the transaction.
For more information on IPS or Industrial Electric Motor Works, or to arrange an interview with IPS senior management, contact Megan Thompson, IPS Director of Marketing, at 864.451.5636 or firstname.lastname@example.org.
About Integrated Power Services
Headquartered in Greenville, South Carolina, IPS is the North American leader in the service of electric motors, generators and mechanical power transmission components, with over 5,000 customers across a wide range of capital-intensive industries, including but not limited to power generation (fossil, nuclear, hydro and wind), petrochemical, air separation, oil & gas, metals, mining, paper, aggregates and cement. IPS has 30 service centers and field offices across North America, combining industry-specific experience with deep engineering resources to keep electric motors and generators running.