Technology
Industrial Software Solutions Has Been Acquired by EECOL Electric
Published February 13, 2025
SEATTLE, WASHINGTON – February 13, 2025 – Industrial Software Solutions, Inc., (“ISS” or the “Company”), has been acquired by EECOL Electric (“EECOL”). Meridian Capital (“Meridian”), a leading independent middle market investment bank and M&A advisory firm, acted as a financial advisor for the transaction.
Founded in 1997, Industrial Software Solutions is a leading distributor of AVEVA industrial automation software and solutions and is the exclusive AVEVA Select Distributor in the Pacific Northwest. ISS provides a wide range of AVEVA products that enable customers to improve their efficiency, reduce downtime, and optimize processes via the digital transformation of their industrial operations.
EECOL Electric, headquartered in Calgary, Canada, and a subsidiary of Wesco International, is one of Canada’s leading electrical product distributors, with a network of over 60 locations across Canada, serving customers in residential, commercial, and industrial end markets.
Patrick Ringland, President and Managing Director at Meridian Capital, stated “It was a pleasure to advise Glenn and ISS on this important transaction. ISS has been a leader among the AVEVA Select Distributors for many years, and we are excited to see the growth they achieve with EECOL Electric as a new partner.”
Glenn Carlson, CEO and Founder of ISS, said “We are extremely excited to announce this partnership with EECOL. The synergies between ISS and EECOL will certainly enhance our customers’ experience, enable broader market coverage, and bring new capabilities to our install bases. The Meridian team was instrumental in consummating this transaction with a very strategic buyer and was a key advisor throughout the process”
Jim Powell, President of EECOL Electric, said “We were highly impressed with the business that Glenn and his team built over 27 years. EECOL is thrilled to partner with ISS in its next chapter and to continue to uphold the team’s ‘customer first’ mindset.”
Meridian Capital served as the exclusive advisor to ISS on the transaction. Davis Wright Tremaine served as legal counsel to the seller. Dentons served as legal counsel to the buyer.
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
