ByrdAdatto, a healthcare-focused law firm headquartered in Dallas, invited Clint Bundy to join the organization’s podcast. Clint, Brad Adatto, and Michael Byrd had an enjoyable discussion on a range of topics related to mergers & acquisitions, healthcare, most complicated transactions, and the benefits of a Louisiana-style crawfish party.
Tune in as Clint shares tips on how to maximize the value of any business. The episode's transcript is available at Investment Banking with Clint Bundy | ByrdAdatto.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 33 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck.
In this article for Industrial Cybersecurity Pulse, Clint Bundy shares his insights on mergers & acquisitions activity in the cybersecurity market.
While the mergers and acquisitions (M&A) and capital raise markets have a wary eye on numerous potential macroeconomic headwinds — the Ukrainian war, inflation, the great resignation — the cybersecurity market continues to demonstrate its strength and to attract a great deal of interest. Strategic buyers and financial sponsors (i.e., private equity groups, family offices, debt and equity groups) see the enormous growth opportunities in the market as justification for paying premium valuation multiples for cybersecurity-oriented firms.
Pitchbook, a content platform dedicated to M&A and capital markets, recently stated, “We expect to see many more private equity-backed cybersecurity deals as the market expands with increasing interest; concerns about cyberattacks only heightened with Russia’s invasion of Ukraine, and the Securities and Exchange Commission (SEC) proposed enhanced rules and disclosures regarding cybersecurity by public companies in early March, showing that the industry continues to be an important and developing area of focus.”
The range of recent cybersecurity deals highlighted in this article demonstrates the diversity in capital and buyer options that are focused on this attractive segment. Recent examples of strategic buyers and financial sponsors targeting the cybersecurity market include an international consulting firm (Booz-Allen), a special purpose acquisition corporation (Mount Rainier Acquisition Corp.), global technology titan (Google) and an international private equity firm (EQT). Furthermore, recently announced transactions show the variety of company offerings and capabilities tied to the cybersecurity market.
These representative transactions include a firm offering traditional cybersecurity technology solutions and services (Mandiant), a company that offers cybersecurity training and certification training programs (EC-Council) and a renewables-focused cybersecurity provider (Green IT Energy). The M&A and capital raise markets’ recognition of the growth in the cybersecurity space, as well as the multiple ways that acquisition and investment candidates can service this segment, validates the enormous strength of the cybersecurity market.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 33 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck.
As part of our continued work in the physician practice management sector, Clint Bundy recently attended the American Academy of Dermatology conference in Boston. He had a busy couple of days where he met with numerous practice owners, industry consultants, and buyer contacts. Below are his key takeaways from that conference:
Consumerism of healthcare
The consumerism of healthcare continues to accelerate. Practice owners have recognized that patients look for solutions, advice, and convenience now. As Kyle Morham, Co-Founder of NextPatient, a technology firm servicing the dermatology and aesthetics market, said to Clint at AAD, “Online booking volume is growing across our customer base. It demonstrates patients’ preference for scheduling medical appointments online, which comes as no surprise given that patients book virtually every other service online, from food and entertainment to professional services.”
Robust dermatology market
The dermatology market is as strong as ever! The post-COVID environment is here from a business perspective, and practices are seeing full patient schedules across all key service areas, including medical, cosmetic (‘zoom boom’ effect) and Mohs. Finding talent (dermatologists, mid-levels, administrative staff) to support the growth of a practice continues to be a challenge for many practice owners.
Heightened buyer activity
There is continued buyer and investor demand for practices. Existing dermatology platforms (i.e. strategic buyers) and financial sponsors eager to get into the dermatology market are abundant today, which leads to options for dermatologists and cosmetic plastic surgeons. Buyers are finding fewer independent practice acquisition opportunities than several years ago, and valuation multiples have steadily increased for those remaining independent practices.
Advisory support + driving value
Advisory support is in demand by dermatologists and respected by buyers. With numerous options--full sale vs. majority equity recapitalization--practice owners like having an advisor experienced in the dermatology & aesthetics market to consult and to drive additional practice value. Furthermore, an investment banking representative focused on delivering value for the practice in a competitive sale process can be critical to the owner. As practice owners are often reminded in discussions with buyers, those acquirors are still in the business of buying quality practices for lower valuations.
“If I have to buy a practice through an investment banker-led process, then I am willing to pay up to 55% more than in a situation where I only have to negotiate with the practice owner.”
- Buyer and AAD conference attendee
Stewart Carlin, Managing Director with Bundy Group, shares his key takeaways from HIMSS22. For more information about the Healthcare Information and Management Systems Society (HIMSS) event, visit himss.org/global-conference.
Webinar Details
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About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck.
The resilience of the dermatology and aesthetics market, coupled with growth opportunities, continues to fuel the M&A trend. Clint Bundy, Managing Director with Bundy Group, shares key market insights in this article for Practical Dermatology.
PD0322_CF_MergersAcquisitionsBundy Group is proud to have achieved a record 2021, our 32nd year as a boutique investment bank. In this webinar, Clint Bundy and Stewart Carlin, Managing Directors, share a summary of 2021 firm accomplishments as well as insights into 2022 market trends.
Webinar Details
The following chapter tags have been made available within the video player:
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck.
Bundy Group is proud to have achieved a record 2021, our 32nd year as a boutique investment bank. We closed transactions across all of our key industry verticals, including healthcare, automation & technology, fire & safety, energy & power, and industrials & manufacturing.
We are excited by our pipeline of opportunities for 2022, and we look forward to continuing to serve our business clients. Thank you to our clients, networking partners, and industry relationships for the confidence you have placed in Bundy Group.
To see Bundy Group's 2021 year in review summary, click below.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck.
Bundy Group, a 32-year-old, industry-focused investment bank, announces that it has advised SuperHero Fire Protection (“SuperHero”) and its private equity owner, Hidden Harbor Capital Partners, in the acquisition of Twin City Sprinkler, a market-leading provider of fire, life, and safety solutions to commercial and industrial customers. Twin City Sprinkler has a long history of superior customer service, a reputation for excellence, and will continue to be led by its CEO, Darrell Inman. The transaction was led by Jim Mullens, Managing Director with Bundy Group.
SuperHero is the regional leader in fire, life, and safety services to multifamily and commercial end markets, primarily in the Southeastern United States. Headquartered in Lawrenceville, Georgia, SuperHero is led by President Don Mackey, Vice President Dustin Dean, and Vice President Josh Stephens.
Jim Mullens commented, “Twin City Sprinkler has been an industry standard in the fire protection segment for its clients since 1979, and the company’s impressive growth further validates the organization’s strength and value proposition to its clients.” Jim added, “The partnership with SuperHero Fire Protection, a well-respected market leader, will offer Twin City Sprinkler substantial new resources and opportunities as the company continues to grow.”
Ben Koch from Hidden Harbor, stated, “This acquisition strengthens our position in the North Carolina market by expanding our reach and deepening our capabilities. Twin City Sprinkler is an ideal fit with SuperHero given its long-tenured customer relationships and history of strong execution.” Regarding Bundy Group, Ben added, “We sought Bundy Group’s advice and assistance on this transaction because of the outstanding reputation and industry relationships that this leading investment bank has developed in the fire, security & safety market. The Hidden Harbor team appreciates Bundy Group’s support on the Twin City Sprinkler transaction.”
Bundy Group has an extensive track record in in the fire, security, & safety sector, which includes advising such clients as Templeton-Vest, Commercial Fyr-Fyters, and Systems Electronics. For more information about our industry expertise and other recent transactions, visit Fire, Security & Safety - Bundy Group.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.
New York, New York - Bundy Group, a 32-year-old investment bank, announces that it has advised Systems Electronics, Inc. (“Systems Electronics”), a communications, safety, and security systems integrator for mission-critical organizations, in a sale to Corbett Technology Solutions, Inc. (“CTSI”), a global systems integrator of critical communications, fire, and security systems. CTSI is a portfolio company of Wind Point Partners, a Chicago-based private equity investment firm.
Founded in 1970 and headquartered in Knightdale, N.C., Systems Electronics helps healthcare facilities improve patient care and financial performance through clinical workflow process improvement, nurse call integration, resource tracking, reporting, and analytics. The company also delivers fire, security, and other systems integration solutions across its customer base of healthcare facilities, education facilities, and corporations.
Stewart Carlin, Managing Director with Bundy Group, stated, “Systems Electronics is recognized as one of the premier providers of system integration services for many of the leading healthcare systems in the Mid-Atlantic. The company’s long-term relationships with the region’s branded healthcare systems, combined with growth opportunities in fire, security & safety, will allow CTSI to further strengthen its position in the Southeast.” Stewart added, “Our team worked diligently in this transaction to deliver options that would accomplish shareholder goals and to find a buyer that would preserve the culture and business Mike Strickland and his team have spent the last 50 years cultivating. CTSI has made an outstanding investment in Systems Electronics, and we look forward to watching the two organizations grow together.”
Mike Strickland, President of Systems Electronics, said, “Bundy Group went to extraordinary lengths to explain each step of the sale process and to serve as a sounding board for our team at all inflection points. Bundy Group's senior team provided sound advice and genuinely had our best interests in mind.” Mike added, “The professionalism of the process, coupled with Bundy Group's dedication to our team, led to an outcome that exceeded our expectations. Without reservation, I would recommend Bundy Group to any business owner considering a sale.”
The transaction was led by Stewart Carlin, Clint Bundy, and Jim Mullens, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the transaction team.
Bundy Group has significant experience in the healthcare, systems integration, automation, and fire, security & safety sectors, and has previously advised such clients as MR Systems, Commercial Fyr-Fyters, Catawba Research, and Dorsett Controls. For more information about our industry expertise and other recent transactions, visit Industry Expertise - Bundy Group.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.
Charlotte, NC - Bundy Group, a 32-year-old investment bank, announces that it has advised a consortium of three Western U.S.-based companies (collectively known as “Pacific”) in a consolidated sale to Integrated Power Services (“IPS”), a North American leader in service, repair, and engineering for electric motors and generators. IPS is a portfolio company of Searchlight Capital Partners, a global private equity group. A+ Electric Motor (“A+” or the “Company”), owned by Joe and Chuck Perry, was a member of Pacific. Industrial Electric Machinery and Reed Electric & Field Service were Pacific participants as well.
Founded in 1999, A+ offers complete pump and motor repair services through repair facilities in Billings and Butte, Montana. The Company‘s client end markets include power generation, industrials, oil & gas, and agriculture. In addition, A+ services clients across a five-state region, which includes Montana, Wyoming, Idaho, and the Dakotas.
As a member of the Pacific consortium and IPS, A+ joins a group of complementary electrical apparatus, automation, industrial equipment repair, and field services organizations that deliver solutions across the Western U.S. Pacific includes a total of seven facilities, over 100 employees, and a service region covering 12 states.
Joe Perry, General Manager of A+, further commented, “Bundy Group was thorough in all phases of the sale process, worked non-stop, and had a relentless focus on delivering value for its clients.” Joe further elaborated, “The Pacific sale provided A+ shareholders a substantial premium relative to offers we had received before hiring Bundy Group, and it gave us the opportunity to reinvest into IPS and realize additional future gains.”
Clint Bundy stated, “Bundy Group is a specialist in the energy & power, automation, and industrial services industries, and the success of the Pacific engagement is a major achievement for our firm.” Clint further added, “A+ is the dominant electrical apparatus solutions provider within a five-state region, and the Company’s management team is second to none. Bundy Group appreciated the opportunity to represent A+, and we are excited to see the A+ leadership team grow in partnership with Pacific and IPS.”
Stewart Carlin with Bundy Group said, “Our work on behalf of the Pacific clients, including A+, involved Bundy Group helping to articulate the vision of what a combined Pacific entity could look like and the steps to integrate the entities, all with the goal of demonstrating to the market that A+ and the other Pacific members demanded a platform-sized valuation.” Stewart added, “We enjoyed working in collaboration with the A+ team to achieve such an outstanding outcome.”
Regarding A+’s new partnership, Joe Perry stated, “The rapidly growing market in this part of the country has always been challenging for us to stay on pace with—to provide the level of service to our customers that they demand. By partnering with the Pacific team and IPS, we’ll be able to accelerate the customer-focused growth that our customers have come to know and expect.”
“Rarely does a company have an opportunity to acquire three well-run companies at once, with such distinguished records, that share the IPS goal of becoming their customers’ trusted advisor,” said John Zuleger, IPS President and CEO. “Adding these businesses to IPS will accelerate offering our industry-leading services to the Western U.S. and advance our reach as the highest quality, closest provider of power, electro-mechanical, and rotating equipment services in North America.”
The A+ transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the Pacific transaction team.
Bundy Group has significant experience in the energy & power, automation, industrial services, and business services sectors, and has previously advised clients including MR Systems, RAM Industrial Services, Koontz-Wagner, and Dorsett Controls. For more information about our industry expertise and other recent transactions, visit Industry Expertise - Bundy Group.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With more than 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.
Charlotte, NC - Bundy Group, a 32-year-old investment bank, announces that it has advised a consortium of three Western U.S.-based companies (collectively known as “Pacific”) in a consolidated sale to Integrated Power Services (“IPS”), a North American leader in service, repair, and engineering for electric motors and generators. IPS is a portfolio company of Searchlight Capital Partners, a global private equity group. Reed Electric & Field Service (“Reed Electric” or the “Company”), owned by the Richard family, was a member of Pacific. Other members of Pacific included A+ Electric Motor (“A+”) and Industrial Electric Machinery (“IEM”).
Founded in 1929, Reed Electric & Field Service is a fourth-generation, family-owned company and is the longest-running electrical apparatus repair business in California. The Company, which has facilities in Los Angeles and Reno, specializes in the repair and sale of AC, DC, and synchronous motors up to 10,000HP/13.8 kV, as well as pumps and generators. Reed Electric’s client end markets include power generation, renewables, water & wastewater, and industrials. In addition, the Company services clients across a six-state region.
As a member of the Pacific consortium and IPS, Reed Electric joins a group of complementary electrical apparatus, automation, industrial equipment repair and field services organizations that deliver solutions across the Western U.S. Pacific includes a total of seven facilities, over 100 employees, and a service region covering 12 states.
Roy Richard, President of Reed Electric, commented, “The Reed team has had great respect for IEM, A+, and Bundy Group for many years, and we were excited to join the Pacific consortium. Bundy Group did an outstanding job of coordinating all Pacific members from beginning to end and treating the collective group as one team, which created fluid decision-making and an outstanding result.” Roy continued, “The value delivered for the shareholders by Bundy Group was phenomenal, and the team at Reed Electric will have an ideal future partner in IPS.”
Clint Bundy stated, “Bundy Group is a specialist in the energy & power, automation, and industrial services industries, and the success of the Pacific engagement is a major achievement for our firm.” Clint further added, “Reed Electric is one of the most storied electromechanical services organizations in the Western U.S., and the Richard family has done an outstanding job of developing a first-class management team. Bundy Group has enjoyed building the relationship with Roy and John Richard over the past decade, and we are excited for the Reed management team as those executives will be a critical component for IPS’ Western U.S. growth strategy.”
Stewart Carlin with Bundy Group said, “Our work on behalf of the Pacific clients, including Reed Electric, involved Bundy Group helping to articulate the vision of what a combined Pacific entity could look like and the steps to integrate the entities, all with the goal of demonstrating to the market that Reed Electric and the other Pacific members demanded a platform-sized valuation.” Stewart added, “We enjoyed working in collaboration with the Reed Electric team to achieve such an outstanding outcome.”
Regarding Reed Electric’s new partnership, Roy stated, “Reed Electric has a rich, 93-year history of providing high-quality electromechanical services while delivering excellent customer service. IPS has demonstrated that they hold these same core values. Those values, combined with their marketplace strength, mean we couldn’t be more excited to join the IPS network.”
“Rarely does a company have an opportunity to acquire three well-run companies at once, with such distinguished records, that share the IPS goal of becoming their customers’ trusted advisor,” said John Zuleger, IPS President and CEO. “Adding these businesses to IPS will accelerate offering our industry-leading services to the Western U.S. and advance our reach as the highest quality, closest provider of power, electro-mechanical, and rotating equipment services in North America.”
The transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the Pacific transaction team.
Bundy Group has significant experience in the energy & power, automation, industrial services, and business services sectors, and has previously advised clients including MR Systems, RAM Industrial Services, Koontz-Wagner and Dorsett Controls. For more information about our industry expertise and other recent transactions, visit Industry Expertise - Bundy Group.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.
Charlotte, NC - Bundy Group, a 32-year-old investment bank, announces that it has advised a consortium of three Western U.S.-based companies (collectively known as “Pacific”) in a consolidated sale to Integrated Power Services (“IPS”), a North American leader in service, repair, and engineering for electric motors and generators. IPS is a portfolio company of Searchlight Capital Partners, a global private equity group. Industrial Electric Machinery (“IEM” or the “Company”), owned by the IEM management team, was a member of Pacific. A+ Electric Motor and Reed Electric & Field Service were Pacific participants as well.
Founded in 1988, IEM is one of the leading electrical apparatus repair providers in the Pacific Northwest. The Company is headquartered in Longview, WA with branch operations in Visalia and Carson, CA. IEM’s client end markets include pulp & paper, water & wastewater, renewables, power utilities, and industrials. In addition, IEM services clients across a nine-state region.
As a member of the Pacific consortium and IPS, IEM joins a group of complementary electrical apparatus, automation, industrial equipment repair, and field services organizations that deliver solutions across the Western U.S. Pacific includes a total of seven facilities, over 100 employees, and a service region covering 12 states.
Spencer Wiggins commented about Bundy Group, “After Clint Bundy and I developed the idea of the Pacific consortium, the Bundy Group team worked flawlessly and in a collaborative fashion with the respective Pacific firms to manage a highly competitive sale process.” Spencer added, “The end-result from the process was a great new partner in IPS and a realized IEM valuation that was superior to what we would have received had we sold the Company as a standalone. We could not have been happier with the outcome that the Bundy Group team delivered.”
Clint Bundy stated, “Bundy Group is a specialist in the energy & power, automation, and industrial services industries, and the success of the Pacific engagement is a major achievement for our firm.” Clint further added, “IEM is one of the leading solutions providers in the Western U.S., and the Company’s progressive management team is among the very best in the industry. Bundy Group has enjoyed building the relationship with Spencer and his partners over the past few years, and we are excited for the IEM management team as those executives will be the foundation for IPS’ Western U.S. growth strategy.”
Stewart Carlin with Bundy Group said, “Our work on behalf of the Pacific clients, including IEM, involved Bundy Group helping to articulate the vision of what a combined Pacific entity could look like and the steps to integrate the entities, all with the goal of demonstrating to the market that IEM and the other Pacific members demanded a platform-sized valuation.” Stewart added, “We enjoyed working in collaboration with the IEM team to achieve such an outstanding outcome.”
Regarding IEM’s new partnership, Spencer stated, “Industrial Electric Machinery has a longstanding reputation as a leader in power and rotating equipment services.” He further elaborated, “IPS shares our desire to be world-class, to be a destination for customers and employees, and to be thought leaders in the space. It was evident immediately that IPS is a great fit, and we’re excited to join the IPS team!”
“Rarely does a company have an opportunity to acquire three well-run companies at once, with such distinguished records, that share the IPS goal of becoming their customers’ trusted advisor,” said John Zuleger, IPS President and CEO. “Adding these businesses to IPS will accelerate offering our industry-leading services to the Western U.S. and advance our reach as the highest quality, closest provider of power, electro-mechanical, and rotating equipment services in North America.”
The transaction was led by Clint Bundy and Stewart Carlin, Managing Directors with Bundy Group. Lorenc Biqiku and Megan Hagemann, Vice Presidents with Bundy Group, also worked on the Pacific transaction team.
Bundy Group has significant experience in the energy & power, automation, industrial services, and business services sectors, and has previously advised clients including MR Systems, RAM Industrial Services, Koontz-Wagner and Dorsett Controls. For more information about our industry expertise and other recent transactions, visit Industry Expertise – Bundy Group.
About Bundy Group
Bundy Group is an industry-focused investment bank that specializes in representing business owners and management teams in business sales, acquisitions, and capital raises. The team of highly experienced investment bankers leverages extensive industry knowledge and experience to provide hands-on guidance to clients through every phase of the transaction. With over 250 closed deals over the past 32 years, Bundy Group’s primary goals are to provide high quality options and actionable insights and to deliver an optimal strategic fit at a premium value for our clients.
Bundy Group Securities, LLC, is a registered broker-dealer and member of FINRA and SIPC. Check the background of Bundy Group Securities, LLC at FINRA's BrokerCheck. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success.
