Integrated Power Services

CEO Kevin O'Meara leads the executive team that evaluates and integrates bolt-on acquisitions. Major capital allocation decisions are made in concert with the firm's private equity sponsor, Lindsay Goldberg, which has held a majority stake since 2017. The firm targets owner-operated electromechanical service companies with established regional customer bases and specialized repair capabilities.

IPS relies on a dedicated corporate development team that maintains relationships with independent motor, pump, and generator shop owners across North America. Many targets are second-generation family businesses with no clear succession plan, where IPS offers an operational integration path rather than financial engineering. The firm's reputation as a hands-on operator — not a pure financial buyer — is its primary sourcing advantage in a fragmented market.

IPS is a private equity-backed industrial consolidation platform, not a family office. It was originally carved out of Emerson Electric in 2007 with backing from Olympus Partners. Lindsay Goldberg acquired the platform in 2017, and IPS now operates as an independent company under that sponsorship, deploying sponsor capital through add-on acquisitions.

The firm avoids consumer-facing services, software, and any asset class outside industrial electromechanical repair and field service. Within industrial end-markets, IPS has no known exposure to greenfield renewable construction or residential power systems — its customer base is concentrated in heavy-industrial, utility-scale, and infrastructure operators where equipment failure carries regulatory or production penalties.

As a Lindsay Goldberg portfolio company, IPS does not publicly syndicate co-investment opportunities to third parties. Its acquisitions are typically funded by the sponsor's committed capital with management rollover from acquired founders. There is no record of IPS participating as a passive LP in third-party infrastructure funds or co-investment vehicles.