Demaria Electric Motor Services Joins Forces with IPS
Deal News | Feb 13, 2025 | Globenewswire
Integrated Power Services (IPS), a leader in electrical, mechanical, and power management systems, has acquired Demaria Electric Motor Services, Inc. This acquisition aims to strengthen IPS's presence in the Western US, bringing an advanced operational network and a substantial skilled workforce to California. Established in 1977, Demaria Electric is known for its top-tier electromechanical services. The deal will enable IPS to offer comprehensive solutions for electromechanical repair and services across multiple industries, enhancing reliability in critical infrastructure. IPS's expansion to 93 locations underscores its commitment to revolutionizing service delivery and advancing its growth strategy.
Sectors
- Electromechanical Services
- Power Management
Geography
- United States – The acquisition involves companies based in South Carolina and California, USA, making the United States a relevant geography.
- California – Demaria Electric is based in Paramount, California, and the acquisition specifically enhances IPS's reach in this state.
Industry
- Electromechanical Services – This industry is relevant as both IPS and Demaria Electric operate within the electromechanical services sector, focusing on repair and maintenance of mechanical and electrical equipment.
- Power Management – IPS is a leading provider in power management systems, offering services critical to infrastructure across sectors like petroleum, power generation, and industrial manufacturing.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Integrated Power Services (IPS) | Buyer | Company | A leader in electrical, mechanical, and power management system services, headquartered in Greenville, SC. |
| Demaria Electric Motor Services, Inc. | Target Company | Company | A leading provider of electromechanical services in California, founded in 1977. |
| Daniel Demaria | President of Demaria Electric | Person | Co-leading the second-generation family business at Demaria Electric. |
| Pete Smith | Advisor | Person | Advisor in the acquisition process, based in Birmingham, Alabama. |