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Greenville firm continues buying spree with purchase of Oklahoma power service company

Ross Norton //December 22, 2022//

Greenville firm continues buying spree with purchase of Oklahoma power service company

Ross Norton //December 22, 2022//

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IPS, a Greenville-based company that offers single-source solutions for industrial and commercial power and mechanical processes, has acquired Evans Enterprises Inc.

IPS services include electrical motor and generator repair. (Photo/IPS)The sale includes all eight Evans locations, servicing customers across the South and central United States, according to a news release from Integrated Power Services. For IPS, these additional locations add services to underserved markets and enhance its network of 64 locations.

It has been a year of growth for IPS, starting with the January purchase of three companies in the western part of the country — Industrial Electric Machinery, Reed Electric & Field Service and A+ electric Motor. In June the company bought ABB’s U.S. and Canadian hydro generator rewind businesses. IPS purchased Tampa Armature Works Inc. in July, the company said in an announcement. Earlier this month they announced

Evans, headquartered in Norman, Okla., with locations in Tulsa and Pryor, Okla.; Waco and Abilene, Texas; Fort Smith and Conway, Ark.; and Springfield, Mo., is an electromechanical, power management and rotating equipment service provider. Established in 1954, Evans is a fourth-generation, family-owned company that has worked with customers in the industrial, renewable energy and commercial markets. Evans brought aftermarket services to the wind power generation market in 2006, servicing the industry’s first generation of electromechanical components and generators, the news release said. 

“Evans Enterprises Inc., a fourth generation, 70-year-old industry leader in electrical rotating apparatus and systems, today announces an exciting partnership with IPS, a world-class industrial solutions provider,” Evan Thrash, president of Evans Enterprises Inc., said in the news release. “IPS’s strong network of existing repair and engineering services, combined with Evans’ geographical presence in the Southwest and beyond, offers customers the most complete single-source solutions provider in the industry.”

The company serves more than 11,000 customer locations across a wide range of end uses, including power generation, utilities, water and wastewater, petrochemicals, air separation, oil and gas, metals, mining, paper, aggregates, cement, hospitals, universities, commercial buildings and data centers, the company says.

“This new partnership with IPS allows our company the unbridled flexibility to pursue several key market growth strategies,” Thrash said in the release. “Evans is proud to be part of IPS’s vision, innovative spirit, and bespoke solutions that build trusted advisor customer relationships. Evans will now become an integral part of IPS’s long-term strategy.”

IPS has the industry's largest network of locations, with repair centers, distribution centers and field service offices across North America, combining industry-specific experience with comprehensive engineering resources.

“IPS has long admired Evans Enterprises and the Evans family for the solutions it provides to customers,” John Zuleger, IPS president and CEO, said in the release. “IPS is privileged to carry on its 70-year heritage. Our combination will bring a greatly expanded offering to customers in the South-Central U.S. for power management and electromechanical services. With this acquisition, IPS has taken another step in our vision to revolutionize reliability. IPS remains focused on becoming a trusted adviser to customers looking for a single-source supplier capable of responding, rethinking and resolving their most challenging power management, electromechanical and rotating equipment challenges.”