IPS enhances its product offering with wind power parts distribution and manufacturing
(Greenville, SC — October 24, 2023) IPS, North America’s leading solution provider for electromechanical equipment, rotating equipment, and power management systems, has acquired Lighthouse Global Energy. Based in Abilene, Texas, the company is an OEM wind turbine parts supplier and manufacturer with in-house engineering, testing, and repair expertise.
The acquisition strengthens IPS services in utility-scale renewable energy power generation, with more resources for the expanding wind power market in West Texas. Lighthouse operations will join forces with the IPS network of renewables service centers, field service teams, distribution centers, and warehouses.
“My colleagues and I are excited about becoming part of IPS,” said Ruben Guerrero, President of Lighthouse Global Energy. “IPS combines unique single-source capabilities for wind power with scale — which we want to align with. Renewable Energy is our future, and acquisitions like the one today make our industry stronger. We’re proud to add our distribution relationships, engineering, manufacturing, and services to the IPS North American network.”
“Lighthouse is a strategic and important acquisition for IPS’s customer offering. It brings to IPS a broad and deep people talent combined with inventory not supported by IPS today,” said Jason McDonald, Senior Vice President, Renewables Business. “The addition of Lighthouse exemplifies IPS’s commitment to building an offering of technical services that support the needs of wind and solar customers across North America. IPS and Lighthouse’s combined inventory and knowledge will help us respond, rethink, and resolve challenges that few providers can.”
Moorgate Securities acted as the exclusive financial advisor to Lighthouse Global Energy in connection with the transaction.
For more information on IPS or Lighthouse Global Energy or to arrange an interview with IPS senior management, contact Megan Thompson, IPS Director of Marketing, at 864.451.5636 or email@example.com.
About Integrated Power Services
Headquartered in Greenville, South Carolina, IPS has the industry’s largest network of locations, with service centers, distribution centers, and field service offices across North America, combining industry-specific experience with comprehensive engineering resources to revolutionize reliability for customers. For more information, visit www.ips.us.