AES, Inc., an esteemed industrial equipment solutions provider based in Mount Airy, NC, has announced the acquisition of Plant Drives & Systems, a Chattanooga-based company specializing in systems integration for variable-frequency drives and automated systems.
Established in 1992, AES, Inc. boasts over 120 employees and is a powerhouse in providing industrial electronic, hydraulic, and mechanical equipment repair services, as well as new and used equipment sales. The company’s impeccable reputation is a testament to its commitment to quality.
Plant Drives & Systems, founded in 2010, has prioritized delivering high-quality service to its customers. According to Nicholas Cooke, CEO of AES, Inc., ‘This is an exciting time for Plant Drives & Systems and AES. As one unified team, we will become an even stronger service provider within our industry.’
The acquisition was facilitated by Benchmark International, a global M&A firm that has handled over $11 billion in transaction value across various industries. Matthew Kekelis, Senior Director at Benchmark International, expressed his enthusiasm for the deal, stating, ‘To echo Mr. Cooke, joining these two companies will enable them to service their customers better and become an incredible force in their respective industries. This is what we strive for when representing our clients. Congratulations to all.’
Benchmark International has been recognized as the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv’s Global League Tables. The firm’s transaction teams have assisted business owners in achieving their objectives and ensuring the continued growth of their businesses. With its comprehensive services, Benchmark International continues to play a pivotal role in facilitating successful M&A transactions.
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