Latest from Mergers & Acquisitions

Photo 226496518 / mohd izzuan ros / Dreamstime.com
acquisitions_2023_photo_226496518__mohd_izzuan_ros
Border States
10451_2024_socialandnewspostgraphicaaronhughesmerg

Sponsored

Getty Images / Andrey Popov
Mergers Getty Images 1029427612 Getty Images Andrey Popov 5e505b0fa7b44

IES Buys Manufacturer and Installer of Custom-Engineered Power Distribution Equipment

Feb. 21, 2020
PPCS’ facility has a metal fabrication shop, electrical shop, and engineering department, and its staff is licensed and authorized in both power distribution and high voltage techniques.

IES Holdings, Houston, acquired Plant Power & Control Systems (PPC), a Birmingham, AL-based manufacturer and installer of custom engineered power distribution equipment.  According to IES’ press release, PPCS, which had 2019 revenues of approximately $19 million, will become part of IES’s Infrastructure Solutions segment and continue to operate under the Plant Power & Control Systems name.

“The acquisition of PPCS reinforces our strategy to strengthen our electro-mechanical product and service offerings through the addition of PPCS’s complementary offerings of custom power products,” said Mike Rice, president of IES’s Infrastructure Solutions segment, in the press release.  “IES is pleased to welcome Ken Miller, whose father founded PPCS in 1991, and Patrick Whatley, who will be promoted to general manager and lead PPCS post-closing, as well as PPCS’s over 30 team members. We look forward to working with the entire PPCS team to support its growth and expand our combined capabilities.”

Ken Miller, majority owner and General Manager of PPCS, added, “After more than 25 years as a family-owned business, we are thrilled to have found in IES a strong partner for PPCS.  With the added resources from IES, our exceptional team is energized to continue to solve complex issues for our customers that we have supported over the last three decades.”

PPCS, established in 1991, is a custom manufacturer and installer of power related equipment, including medium and low voltage switchgear and motor starters. For more information about PPCS, please visit www.plantpower.com.

Sponsored Recommendations