Integrated Power Services acquires Industrial Apparatus Services

Greenville, SC - May 1, 2013 - Integrated Power Services (IPS), a national leader in the service and repair of electric motors, generators and mechanical power transmission components, acquired Industrial Apparatus Services (IAS) on December 20, 2012. IAS is an independent power services company specializing in the service and repair of electric motors and generators for petrochemical plants. The deal marks the fourth acquisition for IPS since its formation in 2007, following the company's purchases of Electro-Mec Inc., Monarch Electric Service Co. and TRICO TCWIND Inc. Terms were not disclosed.

Headquartered in Greenville, South Carolina, IPS now has seventeen regional service centers across the country, offering coast-to-coast coverage and 24/7 reliability to over 4,000 customers across a wide range of capital-intensive industries. IAS will operate as the IPS Beaumont Regional Service Center, enhancing the company's full-service capabilities, particularly in the regional petrochemical market. IAS has established relationships with leading petrochemical companies in Texas and Louisiana, offering repair services, field services, product resale and comprehensive contracts for electric motor storage and maintenance.

"We're excited to be part of the IPS family," said Gene Steadman, President and Owner of IAS in Beaumont. "We've crossed paths over the years with the guys at the IPS Houston service center and we look forward to adding our capabilities to the IPS coast-to-coast network." "Gene and his colleagues add strong motor and generator repair skills, plus longstanding relationships with petrochemical companies to our portfolio," said Brian Brehmer, President and CEO of IPS. "We were impressed with their people, their values and their capabilities, and we look forward to integrating them with our service offering coast to coast."

About IPS

Integrated Power Services, or IPS, is the leading provider of electric motor and generator repair services in North America for continuous process industries, including power generation (wind, nuclear, hydro and fossil), petrochemical, oil & gas, metals, mining, paper and aggregates & cement. Headquartered in Greenville, SC, with twenty-two locations coast to coast, the company offers in-shop repair services, field services, product sales and unit exchange, asset storage and custom manufacturing on a local, regional and national scale. For more information, visit www.ips.us,www.ips.ca or contact your regional IPS sales representative.