Integrated Power Services Boosts West Coast Presence with PST Acquisition
Deal News | May 01, 2025 | Globenewswire
Integrated Power Services (IPS), a prominent provider of electrical, mechanical, and power management systems, has acquired Power Systems Testing Company (PST) in a strategic move to strengthen its service offerings on the West Coast. The acquisition, effective on May 1, 2025, will enable IPS to integrate PST's NETA technical expertise into its existing portfolio. PST, with a longstanding presence in California, is recognized for its comprehensive field services that include electrical equipment evaluation, system commissioning, and engineering. This partnership is set to enhance IPS's capacity to serve customers with over 500 field service technicians, while also providing PST with more resources to expand its product and service range. This expansion not only reflects IPS's commitment to augmenting its technical competencies but also signifies its focus on serving a broader range of customers' critical infrastructure needs.
Sectors
- Electrical Engineering
- Infrastructure Services
Geography
- United States – The acquisition involves two companies operating in the United States, with PST having its operations in California and IPS headquartered in South Carolina.
- California – Power Systems Testing Company is based in California, with multiple sites across the state, making it a key geographical area for the article.
Industry
- Electrical Engineering – The article focuses on the acquisition of a company that provides services like electrical equipment evaluation, field services, and engineering, which are core activities within the electrical engineering industry.
- Infrastructure Services – Both IPS and PST provide critical infrastructure services related to power management and mechanical systems, which are essential for maintaining and delivering infrastructure solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Integrated Power Services (IPS) | Bidding Company | Company | A leading provider of services for electrical, mechanical, and power management systems across North America and beyond. |
| Power Systems Testing Company (PST) | Target Company | Company | A premier field service power systems company in California, renowned for its engineering and electrical testing services. |
| Shannon Moses | Senior VP & General Manager, IPS Power Management Division | Person | Key executive at IPS involved in the announcement of the acquisition. |
| Dave Huffman | Area Manager at PST | Person | Executive at PST who expressed optimism about the acquisition. |
| John Zuleger | President and CEO of IPS | Person | President and CEO overseeing the acquisition and its integration within IPS. |