IPS Acquired by Industrial Electric Mfg. (IEM)
Jacksonville, FL, February, 2012 – IEM, the largest independent full-line manufacturer of electrical and power quality equipment in the U.S., recently completed the acquisition of IPS (Industrial Power Systems Inc.). Acquiring IPS allows IEM to expand their product scope into the power control and marine industries as well as expanding their presence into the east coast.
Based in Jacksonville, Fla., IPS is a manufacturer of electrical power controls and switchgear specializing in custom design engineering for the marine and industrial applications. IPS prides itself on being able to design and build custom solutions and responding to unique customer requirements.
“IPS is a perfect fit for IEM,” said Ed Rossi, President and CEO of IEM. “It allows us to expand our market reach while maintaining our core business focused on providing customer-specific solutions with the highest quality power distribution equipment on the market.”
IEM has leased an 86,000-square-foot building in Jacksonville to ensure a smooth transition that will deliver immediate value for employees, customers, and partners.
“This acquisition will allow IPS to continue to serve our customer base and expand our capabilities,” said Bill Young, Founder and President of IPS. “After 30 years of commitment to providing solutions for our customers, we are looking forward to joining the IEM team”
Rossi added, “The integration of employees and technologies will enable us to accelerate investments, meet a wider set of customer needs, increase efficiencies and significantly expand our opportunities for growth.”
Headquartered in Jacksonville, FL, Industrial Power Systems, Inc. provides integrated solutions for control system design and power distribution equipment. For over 30 years, IPS has been specializing in complex and innovative applications where custom design and engineering is a requirement. We are qualified to build products that meet or exceed the standards of all major electrical regulatory bodies and associations. IPS is owned by Industrial Electric Mfg. (IEM). Together the two companies represent an unparalleled solution to the most challenging projects in the electrical distribution and power control industries.