The Daily Dig
Flex has completed its acquisition of Electrical Power Products, Inc. (EP²), a Des Moines, Iowa-based manufacturer with more than 35 years of experience building engineered-to-order electrical power control and protection systems. The deal expands Flex's Critical Power platform and adds a scaled Midwest manufacturing operation to support utility, power generation, and data center customers.
EP² designs, integrates, and manufactures highly engineered control and relay panels along with modular integrated control buildings for a diverse base of long-standing customers. Those capabilities slot directly into the infrastructure Flex needs to meet growing demand tied to grid modernization, electrification, and the data center buildout that has been driving electrical work across the country.
Flex CEO Revathi Advaithi pointed to EP²'s engineering expertise, customer-focused culture, and utility-grade solutions as key reasons for the deal. EP²'s employees, leadership, and facilities will all integrate into Flex's Embedded and Critical Power business unit. The acquisition also adds a scaled Midwest manufacturing presence at a time when U.S. reshoring is shaping procurement decisions across utility, power generation, and data center markets.
Snapshot:
Acquirer: Flex (NASDAQ: FLEX)
Acquired Company: Electrical Power Products, Inc. (EP²)
Headquarters: Des Moines, Iowa
Years in Operation: 35+
Sector: Electrical Power / Critical Infrastructure
Products: Engineered-to-order control and relay panels, modular integrated control buildings
End Markets: Utilities, power generation, data centers
Integration: Flex Embedded and Critical Power business unit
Strategic Drivers: Grid modernization, electrification, data center demand, U.S. reshoring
Announcement Date: May 4, 2026
TheJobWalk Thoughts
Electrical subcontractors and suppliers working in the utility and power generation space should pay attention here. When a manufacturer with Flex's scale acquires a firm with deep engineering capability and modular control-building products, procurement on control and protection systems can shift quickly. Some field-built scope could face pressure from more packaged, supplied solutions as Flex scales the platform.
The modular integrated control building side of EP²'s business is the angle worth watching. That product could overlap with field-constructed solutions subcontractors have traditionally priced into utility and generation projects. If Flex uses its platform to expand that capability, subs may start seeing tighter scopes on future bids.
