Draft:Integrated Power Services

Integrated Power Services is a privately owned company headquartered in Greenville, SC, that services, engineers, and remanufactures electrical, mechanical, and power management assets.

History

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IPS was established in Greenville, SC, in 2007 to provide comprehensive electrical and mechanical services. Integrated Power Services is the former power services unit of Reliance Electric, a leading manufacturer of industrial electric motors and power transmission components. Reliance Electric Power Services was included in Rockwell Automation’s sale of its Dodge/Reliance Electric division to Baldor Electric Company, a D/RE competitor based in Ft. Smith, Arkansas. In June 2007, Baldor sold Reliance Electric Power Services to a private equity firm.

  • 2008 – 2015: Expansion through strategic acquisitions, including several well-established service center providers in the industry, enhancing IPS capabilities and reach.
  • 2016-2020: Continued growth with a focus on integrating advanced technologies and expanded service offerings
  • 2021 – Present: Strengthening market position by focusing on power management and switchgear solutions catering to diverse industries.

Acquisition Details

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Year Description
2007
2008
  • Revenue doubles with three strategic acquisitions:

-- Electro-MecIndiana, PA
-- The Monarch Group – Cleveland, OH; Detroit, MI
-- Trico TC Wind – Litchfield and Lake Benton, MN

2012 Odyssey Investment Partners acquires IPS
2013

-- KVA Dynamo – Winnipeg, MB
-- B+B Dynamo & Armature – Regina, SK
-- King’s Electric Motors – Saskatoon, SK

2015-2017
  • Higgins Electric’s Industrial Repair Division acquired – Dothan, AL
  • Three greenfield locations:

-- Erie, PA
-- Evansville, IN
-- Corpus Christi, TX

2018-2019
  • Wind Field Services opens – Sweetwater, TX
  • Excel Apparatus Services acquired – Charleston, SC
2020
  • Precision Electric Motor Works, Inc. acquired – Clifton, NJ
  • Tesco Industrial Inc. acquired – Regina, SK
  • Industrial Electric Motors Works, Inc. acquired – Meridian, MS
2021
  • Delta Electric Motors – Tukwila, WA
  • Eastside Electric – Spokane, WA
  • ROTEK Services – Wichita, KS
  • Searchlight Capital PartnersNY
  • National Switchgear and National Field Services – Lewisville, TX
2022
  • Industrial Electric Machinery (IEM) – Longview, WA
  • Reed Electric & Field Service – Visalia, CA
  • A+ Electric Motor – Carson, CA
  • ABBTucson, AZ; Evansville, IN; Charlotte, NC; Edmonton, Alberta, Canada; Burlington, Ontario, Canada
  • Tampa Armature Works (TAW) – Southeastern US, Caribbean, South America, International
  • Evans Enterprises Inc – OK
2023
2024

Market focus

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IPS serves a broad range of industries, including power generation, oil and gas, mining, pulp and paper, renewables, and manufacturing. They also focus on critical infrastructure for hospitals and universities, where maintaining reliable and efficient power systems is crucial.

Services

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  • In shop remanufacturing
  • Engineering Services
  • Technical Field Services
  • Asset Management
  • Distribution and New product sales

Products

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  • AC & DC Motors
  • Generators
  • Power Distribution
  • Custom Equipment
  • Rotating Equipment

References

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PEARL, AGMA, NETA, National Hydropower Association, American Clean Power, Remanufacturing Industries Council