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Electric Power Systems Acquires H.A.R.T. High Voltage Apparatus Repair And Testing Co.

Oct 26, 2021•over 3 years ago

Acquiring Company

Electric Power Systems

Acquired Company

HART High Voltage Apparatus Repair and Testing

EnergyManufacturing

Description

Electric Power Systems (EPS), one of the largest and fastest growing companies in the independent power system testing and engineering industry, has acquired H.A.R.T. High Voltage Apparatus Repair and Testing Co (HART). The official announcement was made today at the EPS St. Louis headquarters. This acquisition continues EPS's year-long rapid expansion across the US which has included joining with North American Substation Services (NASS) in Orlando, FL, Energis High Voltage Resources in Green Bay, WI, and Krause Power Engineering in Chippewa Falls, WI.

Company Information

Company

Electric Power Systems

About

EPS offers over 40 year's industry experience, service throughout the US, 24-hour customer service, and technical expertise in field testing, engineering, electrical system troubleshooting, and maintenance of equipment up to 765kV for utility, industrial, and commercial clients. They are committed to providing a culture of safety and technical expertise as a way of 'Setting the Standard of Excellence in the Power Industry.' Their subsidiary Electric Power Systems International Inc (EPSII) is a full member of the International Electrical Testing Association (NETA). SOURCE Electric Power Systems

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed