Jones Day advised Integrated Power Services Holdings, Inc. on the deal.
Integrated Power Services (IPS), which focuses on repair and engineering for electric motors, generators and rotating equipment, continues its strategic acquisitions with Delta Electric Motors and Eastside Electric Motors.
Delta Electric, based in Tukwila, Washington, and Eastside Electric, in Spokane, Washington, are both full-service electrical apparatus companies. Luigi DiPietro founded Delta Electric in 1976, following a 14-year career with GE. The DiPietro family acquired Eastside Electric in 2002. They comprise one of the Northwest’s oldest, highest quality service providers. Luigi’s sons, Michael and Joseph DiPietro, lead Delta Electric and Eastside Electric, and will continue in these roles with IPS.
Together, these companies employ 48 people and serve customers in the Pacific Northwest, including Washington, Montana and Idaho, as well as Alaska, British Columbia, and Alberta. Both operations repair all types and sizes of electrical apparatus and participate in the Green Motors Incentive plan. These acquisitions join IPS Portland and IPS Denver to offer the largest geographic coverage in the western U.S.
The Jones day team was led by Lisa Lathrop (Picture).
Involved fees earner: Lisa Lathrop – Jones Day;
Law Firms: Jones Day;
Clients: Integrated Power Services LLC;