IPS expands service capabilities, coverage, and distribution with acquisition of leading independent power distribution services company
(Greenville, SC — December 27, 2021) IPS, the North American leader in service, repair and engineering for electric motors, generators, and rotating equipment, continues to grow with its acquisition of National Switchgear and National Field Services.
Headquartered in Lewisville, Texas, National Switchgear and National Field Services provide a wide range of power delivery solutions. Founding owner Doug Powell, began in 1986 with a plan to warehouse and inventory used and surplus switchgear equipment for customers. As major switchgear OEMs exited the service business, the company saw a demand for skilled third-party technical services and expanded to offer switchgear rebuilds, remanufacturing and upgrades. In 1997, National expanded again, adding switchgear installation, commissioning, and field services.
Today, the company has five locations, including branch operations in San Marcos and League City, Texas and Las Vegas and Reno, Nevada, and three brands — National Switchgear, National Field Services, and the National Training Center. The field service operation is a NETA accredited organization with 53 NETA and NICET certified electrical testing technicians. National Training Center, the company’s training division, opened in 2015 to provide hands-on education for new and veteran technicians. It also offers open enrollment to customers. These investments in complementary services and continuous improvement are now part of IPS. They strengthen IPS single-source capabilities, as the company offers power distribution services throughout its IPS North American network.
“I couldn’t be more excited about teaming up with IPS,” said Doug Powell, NATIONAL’s Founding Owner. “For years I have observed their steady pursuit toward growth by blending technology, process improvements and safety into the fabric of their organization. I’m truly excited to team up with IPS and build out a national power services platform with that same degree of excellence.”
“The combination of IPS and NATIONAL brings an opportunity to our clients, suppliers and employees that NATIONAL alone could not have done,” said Robert Koren, CEO of NATIONAL. “To be a part of the industry’s leading independent services supplier, from generation to meter to motor, brings about an excitement for the future of our company and what it means for the industry we serve.”
“National Switchgear and National Field Services will become a platform for a new service division for IPS focused on adding Power Management services that are highly complementary to our existing offering,” said John Zuleger, IPS President & CEO. “In combination, we will seek to become a Trusted Advisor to customers seeking to manage their Power Management and Electro-Mechanical equipment. The combined company offering will position IPS to identify and correct electrical losses for its customers leading to safer, more reliable, and energy efficient operations.”
Bulkley Capital, LP and Libby Sparks Willis Starnes PLLC, an affiliate of BMD, acted as financial advisor and legal counsel to NATIONAL, respectively, in connection with the transaction.
For more information on IPS or National Switchgear and National Field Services, 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 is the North American leader in the service of electric motors, generators, and mechanical power transmission components, with over 5,500 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 38 service centers and field offices across North America, combining industry-specific experience with deep engineering resources to deliver reliability to customers
IPS services include engineering, in-shop repair, on-site field services, distribution, motor storage programs and contract manufacturing. For more information, visit www.ips.us.