IES was formed
in September 2011 as a platform for investments serving the construction,
agriculture, landscaping, infrastructure, recycling, demolition, mining, and
energy industries. IES’ first two acquisitions occurred in
September 2011, when the company acquired Paladin Brands Holding Inc. and
Crenlo LLC from Dover Corp. In
November 2011, Stephen Andrews was retained as CEO of IES
to lead the integration of the first two acquisitions and to aggressively grow
and globalize the company. As part of
its globalization strategy, IES acquired Siac do Brasil, Ltda., a manufacturer of cab enclosures in Brazil, in June 2012.
CWS is a manufacturer of attachment
products, including tire manipulators, cable reelers, grapples, buckets and
various large excavator attachment products. Its customers include a global network of dealers and end-users in the
mining, oil and gas, forestry and construction markets.
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