Integrated Power Services (IPS), a leading solution provider for driven equipment and power management systems, has acquired CFM Services for an undisclosed amount. This acquisition marks a strategic expansion for IPS, known for its extensive network of remanufacturing facilities, distribution centers, and field service offices across North America and the United Kingdom. IPS delivers operating reliability to a broad spectrum of industries, leveraging comprehensive engineering resources and industry-specific experience.
Headquartered in Greenville, South Carolina, IPS serves over 30,000 customer locations across diverse sectors including power generation, utilities, water and wastewater, petrochemicals, oil & gas, mining, and data centers. Its core capabilities span engineering, in-shop repair, field services, distribution, asset storage, and contract manufacturing. The company prides itself on being a comprehensive power partner for critical infrastructure and industrial operations.
The acquisition of CFM Services is designed to bolster IPS’s existing service portfolio and enhance its market position as a full-spectrum provider of electromechanical and power management solutions. While specific details of CFM Services' operations were not provided, the move is anticipated to create synergies by integrating CFM’s expertise and operations into IPS’s robust framework. This integration aims to further streamline service delivery and expand the range of specialized solutions available to IPS customers.
By bringing CFM Services under its umbrella, Integrated Power Services reinforces its commitment to delivering comprehensive and reliable solutions for complex industrial applications. The combined entity is expected to leverage expanded capabilities and a unified operational approach to better serve its diverse customer base and drive sustained growth in the power management and driven equipment sectors.