Columbus' Southern Rewinding Acquired by Integrated Electrical Services
Press release from the issuing company
Friday, May 22nd, 2015
Integrated Electrical Services, Inc. today announced that Magnetech Industrial Services, Inc., a wholly-owned subsidiary of IES, has acquired all of the common stock and associated real estate of Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding and Sales, a Columbus, Georgia-based motor repair and related field services company. Southern Rewinding will operate as a subsidiary of Magnetech in IES's Infrastructure Solutions segment.
"The acquisition of Southern Rewinding will further expand Magnetech's geographic reach while adding capabilities and services that Southern Rewinding can offer its customers," said Mike Rice, President of IES's Infrastructure Solutions segment. "Strategically located in Columbus, GA, we believe that Southern Rewinding will complement our Saraland, Alabama location and allow us to better serve our Gulf Coast customers. Additionally, I am extremely pleased that Michael Phillips will remain as General Manager and I look forward to working with him and his team."
Southern Rewinding was advised by the investment banking firm Bundy Group.


