Skip to main content

Integrated Power Services (IPS) Acquires CFM Services

Written by Customer Service on . Posted in Mergers And Acquisitions.

Now Delivering Expanded Engineering Solutions, NETA-Certified Field Services & Transformer Expertise to Canada’s Medium & High-Voltage Market

New CFM Services logo

Moving forward, the CFM Services logo will include an endorsed phrase, "Une Compagnie IPS."
Moving forward, the CFM Services logo will include an endorsed phrase, “Une Compagnie IPS.”

New CFM Services logo – in English

This is the CFM Services logo with the endorsed phrase in English.
This is the CFM Services logo with the endorsed phrase in English.

Greenville, SC, Sept. 08, 2025 (GLOBE NEWSWIRE) — Integrated Power Services (IPS), a world-class provider of electrical, mechanical, and power management systems, has acquired CFM Services (CFM), effective Thursday, Sept. 4, 2025. “CFM is a dynamic NETA-certified field service power company in Québec, delivering comprehensive solutions, with a focus on high and medium voltage systems and reconditioning and refurbishment of transformers,” says Shannon Moses, Executive Vice President & General Manager, IPS Power Management Division.     
   
Located in St-Jean-sur-Richelieu, Québec, CFM serves customers throughout the province, delivering cost-effective solutions on time and on budget in diverse industries, such as hydropower, government, facilities management, utilities and education. CFM’s core offerings include electrical servicing, thermographic inspections, oil analysis, commissioning, maintenance, and reconditioning and refurbishment of transformers for utility, commercial and industrial customers across Eastern Canada.   
   
CFM is excited about working together with IPS. ”We look forward to sharing our NETA expertise with other IPS companies in Canada,” says Stéphane Forgues, Area Manager at CFM. “At the same time, we’re eager to share IPS products and services with CFM customers. We’re also pleased with the potential opportunities this partnership offers our employees.”   
   
This strategic move adds more NETA technical expertise to the IPS portfolio of product and service solutions in Canada. “Together with other recent acquisitions in Québec, including MDL Énergie, DUAL-Électrotech, and Surplec, we can provide more comprehensive solutions in engineering, remanufacturing, and field services to our customers in Canada,” added Moses. “We will be able to serve a wider range of customers and their critical infrastructure needs with increased efficiency.”     
  
CFM is located at 1060 Gaudette, St-Jean-sur-Richelieu, Québec, J2W 3G; phone: (514) 316-8512.  For more information about CFM solutions, visit: https://www.cfmservices.ca/. 

About Integrated Power Services (IPS)    
Integrated Power Services (IPS) is a leading provider of service, engineering, and remanufacturing for electrical, mechanical, and power management systems. With a focus on industry-specific expertise and a comprehensive range of capabilities, IPS supports critical infrastructure across a wide range of customers. Headquartered in Greenville, South Carolina, IPS operates the largest network in the industry, with service and distribution centers, field offices, and strategically located warehouses across North America, the United Kingdom, and the Caribbean. Each IPS location is equipped to respond, rethink, and resolve complex challenges, offering access to an extensive global talent pool and resources for seamless, single-source solutions. To learn more, visit www.ips.ca.    

Attachments

CONTACT: Mike Fuerstenau, Director of Marketing 
Integrated Power Services
(864) 451-5600
pr@ips.us

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.