HomeLeadersIndustryNational Firm Acquires Oklahoma-based Evans Enterprises, Inc.

National Firm Acquires Oklahoma-based Evans Enterprises, Inc.

The electromechanical service provider is a fourth generation, family-owned company with 70 years in business based in Norman. 

Integrated Power Services recently acquired Evans Enterprises, Inc, a fourth generation, family-owned company with 70 years in business. The electromechanical, power management and rotating equipment service provider is based in Norman. 

“We’re proud to carry our 70 years of expertise as an industry leader forward as part of IPS’s vision and long-term strategy,” said Evan Thrash, president of Evans Enterprises, Inc. “Infinity Capital was critical to this transaction, ensuring that the family, employees and legacy of the company would all be in good hands going forward.” 

Infinity Capital Partners advised Evans through the acquisition by Integrated Power Services out of numerous prospective suitors.

“Evans Enterprises, Inc. established itself as an industry leader through four generations of family ownership,” said Christopher Lee, managing partner at Infinity Capital Partners. “We were honored to advise them through this transition as we built a very close relationship with the family during 2022. We are confident that the ongoing partnership will be fruitful as they become part of IPS’s single-source solutions provider.”

Sign up for our weekly newsletter for our weekly newsletter and get the latest 405 news & events happening straight to your inbox!

Featured Stories

2023 Innovator Awards

New ideas, new products and new ways to approach problems are what alter, advance and propel companies forward. In fact, 50% of the annual...

The Rise of Paycom

Paycom — one of Oklahoma’s fastest-growing and largest companies — busted through the billion-dollar revenue mark in 2021 and has seen double-digit revenue growth...

Force of Nature

The Asian-owned business community accounts for more than $1 billion in annual sales and about a quarter billion in payroll in Oklahoma. Now, the...