IES Holdings Acquires Plant Power & Control Systems

2/23/20

HOUSTON, Feb. 21, 2020 (GLOBE NEWSWIRE) -- IES Holdings, Inc. ( “IES”) (NASDAQ: IESC) announced today that it has acquired Plant Power & Control Systems, LLC (“PPCS”), a Birmingham, AL-based manufacturer and installer of custom engineered power distribution equipment. PPCS, which had revenues of approximately $19 million in calendar year 2019, will become part of IES’s Infrastructure Solutions segment and continue to operate under the Plant Power & Control Systems name.

“The acquisition of PPCS reinforces our strategy to strengthen our electro-mechanical product and service offerings through the addition of PPCS’s complementary offerings of custom power products,” said Mike Rice, President of IES’s Infrastructure Solutions segment. “IES is pleased to welcome Ken Miller, whose father founded PPCS in 1991, and Patrick Whatley, who will be promoted to general manager and lead PPCS post-closing, as well as PPCS’s over 30 team members. We look forward to working with the entire PPCS team to support its growth and expand our combined capabilities.”

Ken Miller, majority owner and General Manager of PPCS, added, “After more than 25 years as a family-owned business, we are thrilled to have found in IES a strong partner for PPCS. With the added resources from IES, our exceptional team is energized to continue to solve complex issues for our customers that we have supported over the last three decades.”

Patrick Whatley, Vice President and General Manager of PPCS, added, “IES’s strategic resources, industry expertise and long-term commitment to its employees and customers align with our culture and plans for continued expansion. We are excited to be a part of the IES family and are looking forward to the next phase of our growth and ability to execute on the many strategic initiatives and opportunities in front of us.”

ABOUT IES HOLDINGS, INC.
IES is a holding company that owns and manages operating subsidiaries that provide electrical contracting and other infrastructure services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Our approximately 5,500 employees serve clients in the United States. For more information about IES, please visit www.ies-co.com.

ABOUT IES INFRASTRUCTURE SOLUTIONS
IES’s Infrastructure Solutions segment is a provider of electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products, such as generator enclosures and bus duct, used in data centers and other industrial applications. For more information about IES Infrastructure Solutions, please visit https://iesinfrastructure.com.

ABOUT PLANT POWER & CONTROL SYSTEMS, LLC

PPCS, established in 1991, is a custom manufacturer and installer of power related equipment, including medium and low voltage switchgear and motor starters. For more information about PPCS, please visit www.plantpower.com.

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