Integrated Power Services (IPS), a Greenville, South Carolina-based provider of electrical, mechanical and power management systems, has acquired Tram Electric Inc. The sale was effective April 1.
Headquartered in Price, Tram Electric is a supplier of electromechanical products and services to customers in Utah, Arizona, Wyoming and Colorado with a four-location service network.
"This is truly a golden opportunity," said Dave Zaccaria, president of Tram Electric. "At Tram Electric, we're excited about the IPS vision and feel honored to be a part of this vision. Our employees are the reason we're here, and we want the very best for them. As we integrate Tram into IPS, we anticipate playing a pivotal role in shaping our future and bringing IPS solutions and growth strategies to the western market."
"With the acquisition of Tram Electric, IPS has added to its electromechanical and power management service network -- the largest in the western United States," said Al Barlow, senior vice president and regional general manager of the IPS Electromechanical Division. "By working together, Tram Electric and IPS will be able to deliver an even more comprehensive suite of solutions to customers in the mining industry as well as other industrial and commercial markets."
Tram Electric's primary service center is a 51,000-square-foot repair and remanufacturing facility in Price with additional locations in Salt Lake City; Rock Springs, Wyoming; and Delta, Colorado. The company's experience and expertise include remanufacturing and repairing generators, pumps, voltage regulators, transformers, motors of all types, control panels, switch gear and phase converters. Tram Electric also provides additional services such as color photographic documentation repair reports, computerized coil manufacturing, vacuum pressure impregnations of epoxy systems, surge comparison equipment, computerized dynamic balancing, dynamometer load test equipment, burn-off and baking equipment and 24-hour emergency repair.
Founded in 1981 by Dave Zaccaria, Tram Electric is one of 11 Siemens Large Motor Certified Service Partners in the country.
John Zuleger, IPS president and CEO, added, "The addition of Tram Electric is another example of a significant investment IPS has made to develop a leading aftermarket service network for the copper and precious metal mining markets in the U.S. and the oil sands in Canada. We are listening to customers who are seeking a partner to support reliable mining equipment operations at a time when these markets are preparing for significant capacity expansions and electrification of these processes."
With the acquisition of Tram Electric, IPS now manages a network of 97 locations, including 61 full-service electromechanical remanufacturing centers and 17 power management remanufacturing locations, serving the United States, Canada, the United Kingdom, Europe and the Caribbean.