Tempe-based Sundt Construction has acquired Industrial Power Solutions (IPS), a full-service industrial electrical contractor based in Phoenix. Under the agreement, IPS will operate as a wholly owned subsidiary of Sundt, with some shared services and personnel. The move more than doubles the size of Sundt’s skilled electrical workforce.
The strategic acquisition reflects Sundt’s continued growth and enables IPS to expand its capabilities as it pursues larger and more complex projects. IPS has operated in the Valley for nearly two decades, building its expertise in water and wastewater treatment facilities, which often have large and complex electrical scopes of work. The acquisition positions both companies to meet the growing demand for water and wastewater construction in the Southwest.
“The technical expertise of the IPS team matched with Sundt’s long history as a self-perform contractor creates an opportunity for our organizations to expand our capabilities and better serve our clients,” said Sundt President and CEO Cade Rowley. “Just as importantly, IPS’s commitment to safety, innovation and quality align with our own company values.”…