Integrated Power Services Strengthens Its Business Through Acquisition
Integrated Power Services (IPS) proudly announces the acquisition of CFM Services, a certified field service power company specializing in high and medium voltage systems. This strategic move, effective a few days ago, is set to enhance IPS's capabilities in delivering exceptional electrical and power management solutions.
Understanding CFM Services' Expertise
CFM Services, based in St-Jean-sur-Richelieu, is renowned for providing high-quality solutions across diverse industries. Their commitment to timely and budget-conscious delivery has made them a trusted partner in sectors such as utilities, education, government, and hydropower. Their specialized offerings include electrical servicing, thermographic inspections, and transformer reconditioning.
Partnership Benefits
Shannon Moses, Executive Vice President & General Manager of IPS’s Power Management Division, emphasizes the positive implications of this acquisition. "The addition of CFM Services brings valuable NETA-certified expertise into our portfolio, expanding our ability to deliver comprehensive and innovative solutions for our customers in Canada," he states.
Continuing Service Excellence
The collaboration promises to broaden the scope of services available to customers. Stéphane Forgues, Area Manager at CFM, expressed enthusiasm for the merger, stating, "We look forward to sharing our expertise with the IPS family and excited to introduce IPS's extensive product lineup to our clients. The future seems bright for our employees with this partnership." This synergy between the two companies is anticipated to cultivate a culture of shared knowledge and innovation.
Enhanced Capabilities across Canada
With this acquisition, IPS aims to deliver more comprehensive solutions in remanufacturing, engineering, and field services. By integrating the technical prowess of CFM with other recent acquisitions, such as MDL Énergie and DUAL-Électrotech, IPS is well-positioned to respond to the critical infrastructure needs across an increasingly diverse customer base.
About Integrated Power Services
Integrated Power Services is strategically headquartered in Greenville, South Carolina, and operates the largest service network in the industry. With a robust focus on providing tailored service, engineering, and remanufacturing solutions, IPS supports vital infrastructure across North America, the Caribbean, and the United Kingdom. The company is dedicated to solving complex challenges with a team of skilled professionals drawn from a global talent pool.
Expertise and Reach
Through its diverse locations, each equipped to offer a single-source solution, IPS is set to revolutionize how power management and electrical services are delivered. Their commitment to continuous improvement and customer-centric services illustrates their leadership in the industry.
Looking Ahead
As IPS continues to expand its service offerings and reach across Canada, the integration of CFM Services marks a significant step forward. This acquisition not only strengthens IPS's technical arsenal but also enhances its capability to serve clients with even greater efficiency and effectiveness.
Frequently Asked Questions
What is the main benefit of IPS acquiring CFM Services?
The acquisition enhances IPS's technical expertise and service capabilities, allowing them to deliver improved electrical and power management solutions across diverse industries.
Where is CFM Services located?
CFM Services is based in St-Jean-sur-Richelieu, Québec, and serves a variety of industries throughout the province.
What types of services does CFM offer?
CFM specializes in electrical servicing, thermographic inspections, transformer reconditioning, and other high and medium voltage solutions.
Who is the Executive Vice President of IPS?
Shannon Moses holds the position of Executive Vice President & General Manager, leading the Power Management Division at IPS.
How does IPS plan to integrate CFM into its operations?
IPS aims to combine CFM’s expertise with its own offerings, enhancing service delivery and expanding the range of solutions available to customers in Canada.
