June 15, 2022
Industrial Service Solutions (ISS) has acquired full ownership of Servo South, Inc., a U.S.-based electronic and electromechanical service provider specializing in CNC machinery and automated manufacturing. The acquisition expands ISS’ position in the rapid-growth industrial automation sector, facilitating extension of servo motor and electronics repair services at key ISS facilities across the United States.
Core competencies the Servo South acquisition brings to ISS include servo motor repair, electronics repair, AC/DC motor repair, hydraulics repair, and field service work for industrial automation systems. Man-machine interfaces used to operate and maintain robotic systems in the field are also serviced.
“A single component failure can take an entire automated system offline, and the downtime can be measured in minutes,” said Barry Beaver, owner of Servo South. “All our repair services are performed to factory specifications, as quickly as same day. Component repair versus replacement is not only much faster given current supply chain challenges, but also a more cost-effective solution as well.”
The services that are currently performed in Servo South’s three current locations in the Carolinas dovetail with Industrial Service Solutions centers of excellence nationwide, enabling rapid expansion of Servo South’s services and expertise.
“Between supply-constrained markets and broader automation trends, servo motor and electronics service will be an important growth factor for ISS,” said Wade Stockstill, CEO of Industrial Service Solutions. “By combining our engineering capabilities and nationwide reach with Servo South’s track record with specialized electronic services, ISS will maximize process-critical uptime for a broader customer base.”
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Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.