Integrated Electrical Services, a holding company for industrial infrastructure service providers, said it has acquired 80% of the membership interests in NEXT Electric, a Milwaukee, Wisconsin-based electrical contractor.
NEXT Electric specializes in the design, installation and maintenance of electrical systems for commercial, industrial, healthcare, water treatment and education markets. NEXT’s management team, led by President Chris Surges, has chosen to reinvest its entire ownership interest and will collectively retain 20% of the membership interests. NEXT will operate as a subsidiary in IES’s commercial & industrial segment. The company generated approximately $25 million of revenue in 2016.