Integrated Power Services Acquires Precision Electric Motor Works, Inc.
Leading industrial service provider expands service coverage in the Northeast
with addition of Clifton, NJ full-service repair facility
(Greenville, SC — February 21, 2020) Integrated Power Services (IPS), the North American leader in service and repair solutions for industrial electric motors, generators and mechanical power transmission components, has acquired Precision Electric Motor Works, Inc.
Founded in 2000, Precision Electric Motor Works is an industrial equipment repair company specializing in on-site and in-shop services for motors, pumps, fans and blowers. Precision is also an authorized distributor for leading manufacturers of motors, controls, gearboxes, pumps and power transmission components. Precision has established relationships with companies in the tri-state area of New Jersey, New York and Connecticut.
“Today, Precision Electric Motor Works, Inc. becomes part of Integrated Power Services. IPS acquired Precision with a deep respect and appreciation for our employees, capabilities and longstanding customer relationships. We’re excited about the growth opportunities for all of us,” said Peter Zielonka, President and Owner of Precision Electric Motor Works, Inc.
This is the eighth strategic acquisition by IPS since 2008, adding to the prior acquisitions of Electro-Mec, The Monarch Electric Group, TRICO TCWIND, Industrial Apparatus Service, KVA Dynamo/B+B Dynamo & Armature/King’s Electric Motors, the Industrial Repair Division of Higgins Electric, Inc. and Excel Apparatus Services, Inc. Terms were not disclosed.
“This acquisition is an important step for IPS as we continue expanding to better serve our customer base,” said John Zuleger, IPS President & CEO. “We were impressed with Precision’s people, their values and capabilities, and look forward to integrating them with our service offering coast to coast. We continue to execute on our strategic plan to diversify, strengthen and grow our business, providing our customers with safety, quality, service and value."
Headquartered in Greenville, South Carolina, IPS offers coast-to-coast coverage and 24/7 reliability to over 5,000 North American customers within a wide range of capital-intensive industries.
About Integrated Power Services
IPS is the North American leader in the service of electric motors, generators and mechanical power transmission components, with customers across a wide range of industries, including but not limited to power generation (fossil, nuclear, hydro and wind), petrochemical, air separation, oil & gas, metals, underground mining, paper, aggregates and cement. IPS has 30 service centers and field offices across North America, combining industry-specific experience with deep engineering resources to keep electric motors and generators running.
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.
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