Integrated Power Services (IPS), the North American leader in service, repair and custom-engineered solutions for industrial electric motors, generators and mechanical power transmission components has acquired Excel Apparatus Services, Inc.
Founded in 1990, Excel Apparatus Services is an industrial and marine equipment repair company specializing in on-site and in-shop services for motors, pumps and switchgear. Excel is also an authorized distributor for many leading manufacturers of motors, controls, gearboxes and power transmission components. Excel has established relationships with companies in North Carolina, South Carolina, Georgia and Florida.
“Today, Excel Apparatus Services, Inc. became part of Integrated Power Services. IPS acquired Excel with a deep respect and appreciation for its employees, capabilities and longstanding customer relationships. We’re excited about the opportunities for growth for all of us,” said Doug Hinson, President and Founder of Excel Apparatus Services, Inc.
This is the seventh strategic acquisition by IPS since 2008, including the prior purchases of Electro-Mec, The Monarch Electric Group, TRICO TCWIND, Industrial Apparatus Service, KVA Dynamo/B+B Dynamo & Armature/King’s Electric Motors and the Industrial Repair Division of Higgins Electric. Terms were not disclosed.
Headquartered in Greenville, South Carolina, IPS now has twenty-nine service centers and field offices across the United States and Canada, offering coast-to-coast coverage and 24/7 reliability to over 5,000 customers across a wide range of Power Generation and process industries.
“The acquisition of Excel Apparatus Services is an important step for IPS as we continue to further expand to serve our customer base,” said John Zuleger, IPS President & CEO. “We have long admired Excel’s people, values and their capabilities and we look forward to integrating them with our service offering coast-to-coast. We continue to execute on our strategic plan to become the world-class leader in our industry and provide our customers with safety, quality, customer service and value they can best receive from IPS."
The Business Owner Solutions group at Hilliard Lyons, a Baird Company, served as exclusive financial advisor to Excel Apparatus in this transaction.
IPS | http://www.ips.us