Mergers & Acquisitions

IPS acquired by Florida firm, but the love stays here

By GREGORY ZELLER // One of Long Island’s brightest innovators has been acquired by a Florida-based manufacturer with ties to Switzerland, the United Kingdom and eastern Asia. But Intelligent Product Solutions isn’t leaving Long Island, promises Chief Executive Mitch Maiman – and in fact, the merger could prove a boon for the Island economy. Now operating under the banner of global designer/distributor Forward Industries, the product-design specialist is “absolutely” maintaining operations at its Hauppauge headquarters…

Read More