New owner for Arrow Engine

IES Holdings has acquired Arrow Engine Co. from TriMas Corp. for an undisclosed sum.

Arrow, a Tulsa, Oklahoma-based provider of engines, generator sets, compressors, and replacement parts primarily for the natural gas production market, was founded in 1955. The acquisition includes Arrow’s owned manufacturing facility in Tulsa, which consists of 130,000 square feet of manufacturing space. Arrow, with estimated calendar year 2024 revenue of US$20 million, will become part of IES’s Infrastructure Solutions segment and continue to operate under the Arrow name.

An Arrow Engine compressor. Arrow Engine has been purchased by IES Infrastructure Solutions. (Image: Arrow Engine)

“The acquisition of Arrow strategically adds to our product offerings and expands our power services into the oil and gas markets,” said Jeff Gendell, Chairman and Chief Executive Officer. “IES plans to make substantial investments to expand Arrow’s product line and drive long-term growth in both existing and new markets. We are thrilled to welcome Arrow to the IES family.”

Arrow’s products include single and multi-cylinder engines, replacement parts, compressors, gas products, chemical pumps and electronics.

Arrow Engine was a legacy TriMas business and part of the TriMas portfolio for several decades, said Thomas Amato, TriMas President and Chief Executive Officer. “We are pleased to place this business with IES Infrastructure Solutions, the right partner to take Arrow Engine to the next level. This move is another important step in optimizing TriMas’ business portfolio.”

“Arrow brings to IES a strong brand reputation, legacy of innovation, and expertise in stationary engines and gas compression solutions,” said Mike Rice, President of IES’s Infrastructure Solutions segment. “We are excited to partner with the Arrow team to leverage our combined sales, engineering, and fabrication resources to grow our business and deliver expanded capabilities to our customers. Combined with our existing facilities in Ohio, Oklahoma and Pennsylvania, we have over 1.5 million square feet of manufacturing and fabrication space to meet the evolving needs of our customers.”

IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. The company has more than 9,000 employees in the United States.