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Press releases > Generational Equity Announces the Sale of IPEC LLC and Industrial Scaffolding Group LLC to Industrial Service Solutions

Generational Equity Announces the Sale of IPEC LLC and Industrial Scaffolding Group LLC to Industrial Service Solutions

By Generational Equity

Jan 24, 2017, 03:00 et
IPEC

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the acquisition of its client, IPEC, LLC, and Industrial Scaffolding Group, LLC, of Grayling, Michigan, to IPEC, Inc., a newly formed subsidiary of Industrial Service Solutions, headquartered in Fort Myers, Florida. The acquisition closed December 19, 2016. Details were not disclosed.

IPEC is a heavy industrial mechanical contractor that self-performs and manages all projects. The company's specialty is providing highly trained and highly qualified personnel with licensed mechanical contractors across numerous states.

The company also boasts a staff with expertise in process equipment within cement and sugar manufacturing facilities. IPEC performs rebuilds, retrofits, installations and general maintenance for annual plant turnarounds and outages, as well as other projects. 

Industrial Scaffolding Group (ISG) is a full-service scaffolding company that provides scaffold rentals, erection and dismantling services throughout the U.S. ISG has the ability to mobilize the jobsite with highly experienced scaffold builders.

Industrial Service Solutions (ISS) is a holding company backed by private equity firms The Edgewater Funds and JZ Partners. The firms are building a national provider of industrial field services, including repair and refurbishment of equipment found in most industrial and manufacturing facilities in North America.

ISS has four core services groups, including its Process Equipment Services Group, which IPEC and ISG are now part of.

Since inception in the late 2000s, Industrial Service Solutions has completed 22 acquisitions and maintains more than 40 service and distribution locations across the U.S. with approximately 1,500 employees.

Michael Goss, Managing Director of Mergers and Acquisitions for Generational Equity, led the deal to a successful close supported by Generational Equity's Luan Ly, Vice President.

"The three managing members of IPEC and ISG had grown both businesses phenomenally well but had reached an inflection point of needing additional capital to take the business to the next level," said Goss.

"Industrial Service Solutions is on an aggressive growth plan and seeking to deploy capital and leverage synergies amongst its nearly two dozen related industrial services holding companies, and was poised to help the owners of IPEC and ISG accelerate growth and build upon their legacy in a new and exciting chapter."

According to Jeff Manz, President and Managing Member of both IPEC and ISG, "We were afforded the ability with Generational Equity to come in contact with multiple companies until we found the right company and management to partner with."

"ISS will allow us to expand geographically and into new industries as well as provide us with the opportunity for growth through capital investment and strong synergies within the other ISS companies."

About Generational Equity

Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services.

Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year.

For more, visit www.genequityco.com and the Generational Equity press room.

I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.
Shenille Engelhart, Owner – CLS Technology
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.
Bryan D. Horn, Owner, Over Under Clothing
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.
Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers