Tennessee's Plant Drives & Systems joins forces with NC's AES, Inc. This industrial equipment merger strengthens services for clients across the US.
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| Plant Drives & Systems acquired by AES, Inc. The e strategic move that bolsters industrial equipment services in the US. Image: PDS |
Tampa, FL, April 4, 2024:
Plant Drives & Systems (PDS), a Tennessee-based leader in systems integration for variable-frequency drives and automation, announced its acquisition by AES, Inc., a well-established industrial equipment solutions provider headquartered in North Carolina. This strategic move strengthens both companies' positions within the industry.
PDS, a customer-centric company founded in 2010, specializes in designing and integrating systems that optimize industrial processes through variable-frequency drives and automation technologies. The acquisition by AES will provide PDS with the resources to expand its service offerings geographically and potentially grow its existing facility in Chattanooga, TN.
AES, Inc., a powerhouse in the industrial equipment landscape since 1992, boasts a team of over 120 employees and offers a comprehensive suite of services. Their expertise encompasses repair and sales of new and used industrial electronic, hydraulic, and mechanical equipment. AES is renowned for its unwavering commitment to quality, solidifying its position as a trusted partner for numerous clients.
A Unifying Force in Industrial Equipment Solutions
Both AES and PDS expressed optimism about the future. Nicholas Cooke, CEO of AES, stated, "This acquisition marks a pivotal moment for both our companies. By joining forces, we will establish ourselves as an even more formidable service provider within the industry, leveraging our combined expertise to deliver exceptional value to our customers."
Benchmark International played a critical role in bringing the two companies together. Senior Director Matthew Kekelis commented, "We are delighted to have facilitated this strategic transaction. The combined entity will create a significant force within the industrial equipment solutions sector, offering clients an unparalleled breadth of services and unwavering commitment to quality. This is a win-win for all parties involved, and we are proud to have played a part in their continued success."
Benchmark International is a trusted advisor for business owners navigating the complexities of mergers and acquisitions. With a global network of M&A experts and a proven track record of over $11 billion in transaction value across diverse industries, Benchmark International is a valuable partner for companies seeking to maximize value and achieve their growth objectives.