About Ideal Electric Company

IDEAL MANSFIELD WORKS

IDEAL ELECTRIC COMPANY, formerly Hyundai Ideal Electric Co., is a pioneering, American owned manufacturer of high-power, specialty electric motors, generators, condensers, switchgear, power systems and controls with capabilities ranging from standard 125 HP hermetic induction motors to customized water-cooled synchronous condensers and permanent magnet generators up to 50 MVA.

Born in 1903 out of a 2,500 square foot converted horse carriage shop in Ohio with an order for an elevator motor, IDEAL ELECTRIC has grown to become a globally recognized electric machine maker with tens of thousands of references. The company is distinguished as a leader in synchronous motors, delivering our first in 1918, hermetic motors for refrigeration and high-voltage models for air conditioning, Eddy Current Couplings, 400 Hz generators, “No-break” Continuous Power Systems, brushless excitation, a centrifugal rotor castor, wind-powered generators, epicyclic gear-driven generators, and 300% overspeed tolerant hydro-generators are select examples of the innovations IDEAL ELECTRIC has introduced over the years.

During the World Wars, many motors were supplied for numerous applications, many warships operated with components built by IDEAL, and aircraft were ground-powered by 400 Hz generators. Generals, Admirals, and even Presidents of the United States have bestowed the company with letters of commendation.

IDEAL ELECTRIC low and medium speed generators for diesel engines, gas, steam, geothermal and hydroelectric installations are legendary for their robustness and longevity. Our custom poly-phase induction, synchronous and wound-rotor motors are found in every application, are built to the highest specifications and meet all industry standards with ratings up to 50,000 HP. Most recently, the introduction of high-horsepower permanent magnet motors to the product portfolio in medium and low voltages, high and super-slow speeds, for all applications embody our commitment to yet another century of innovation and custom solutions.

IDEAL ELECTRIC has a reputation for an unyielding commitment to quality reflected in every part we supply and proven by the thousands of machines operating today around the world. Our Genuine IDEAL Parts & Service program, along with our heavy manufacturing and testing capabilities, guarantee you know what you are getting in new or re-manufactured parts. Parts that fit your exact electric machine’s original specification or newly engineered and manufactured to upgraded solutions. All of IDEAL ELECTRIC’s original designs, drawings, and specifications; the tools, dies, molds and jigs are preserved, and our entire team, including engineers and technicians, are here supporting your calls day and night. We not only serve our products, but we are uniquely equipt and available to assist with anyone else’s legacy equipment and as well. Protect your investment and assure IDEAL quality; always insist on Genuine IDEAL Parts & Service.

IDEAL’s Mansfield Works is located on a 29-acre site in downtown Mansfield, Ohio where the first purpose-built factory was erected in 1920. Over the years, the shop has grown to become one of the most capable, vertically-integrated large rotating machine manufacturing plants in the Americas with over 280,000 square feet under roof. Our massive test floor allows for complete testing of synchronous motors and generators in both the vertical and horizontal configuration and full load testing of induction motors up to 8,000 HP, at voltages from 480 volts to 14.4 kV and at 60Hz and 50 Hz.

IDEAL is one of the few motor and generator manufacturers who has designed and built our own switchgear, assuring a coordinated design and trouble-free start-up. We are also the only U.S. manufacturer to supply space-saving generator-mounted epicyclic gears.

In September 2017, IDEAL ELECTRIC was acquired from Hyundai Heavy Industries of Seoul, South Korea marking the return of the company to privately held, 100% American ownership. Driven by an entrepreneurial spirit that places innovation and our customers first, IDEAL ELECTRIC is uniquely positioned with best-in-class capabilities to handle almost any size project, while providing the personal attention customers appreciate.

Manufacturers of specialty
electric motors
generators
condensers
power systems & Controls
since 1903

HISTORY

116 YEARS OF IDEAL

May 28, 1903; The Ideal Electric & Manufacturing Company is created out of the Card Electric Company in a 2,500 square foot converted horse carriage shop. The company built split frame motors for streetcars and elevators. A century of continuous innovation and corporate growth followed and in 2018 IDEAL celebrated 115 years under new, privately held, American ownership.

Post cards FROM THE 115th anniversary

Slider

PRESS RELEASE

Hyundai Ideal Electric Company Acquired by Affiliate of Gulf Electroquip Ltd.

September 14, 2017 11:10 AM Eastern Daylight Time

MANSFIELD, Ohio–(BUSINESS WIRE)–Ideal Electric Company (“Ideal Electric” or The Company), formerly owned by Hyundai Heavy Industries Co. Ltd. of South Korea, announced today that the Mansfield, Ohio company has been wholly acquired by a privately held affiliate of Gulf Electroquip Ltd. of Houston, Texas.

Ideal Electric is a globally established American manufacturer of electric motors and generators, switchgear and control systems for all applications including industrial, oil, gas and petrochemical, water and infrastructure, pulp and paper, air handling, marine, mining, power generation and renewable energy. The founding team, led by entrepreneurs George Jackson, Jim Petersen, Jr. and Nicholas Phillips, is headquartered in Houston, Texas.

Petersen, a 3rd generation family owned electric machinery manufacturer, and President Gulf Electroquip, says, “As an electrical engineer myself I’ve known of, and respected Ideal Electric’s market leadership in power equipment and we are incredibly honored to have this opportunity to renew and extend Ideal Electric’s service to hundreds of marquee customers around the world. We are all looking forward to this new venture in Ohio and to being a positive member of the community in Mansfield as we roll up our sleeves and get back to work serving the loyal customers of Ideal Electric.”

Under new ownership, many current Ideal Electric associates have retained their positions, and additional, new associates are expected to be hired as the organization ramps up. Customers of the former Hyundai Ideal Electric Co. will be fully serviced and all warranties will be honored, while orders for parts, service and new and replacement machines will be accepted and fulfilled immediately.

“The industry has admired the Ideal Electric name and the robustness of the products for more than a century,” said Nicholas Phillips, Founding Team member. “We intend to fully support legacy products through a renewed focus on service, parts and repair, while also expanding our product offering with innovative technologies and new commercial partnerships,” added Phillips.

The purchase of Ideal Electric returns the 114-year-old business to private hands and allows for all options to be on the table in Richland County as the Company is re-imaged in the globally competitive marketplace.

This release has been previously distributed by BusinessWire

 

formerly known as

IDEAL ELECTRIC COMPANY

  • Headquarters: Mansfield, OH USA
  • Website: theidealelectric.com
  • CEO: James E Petersen Jr.
  • Employees: 150
  • Organization: PRI

Release Summary

Ideal Electric Newly Acquired in Ohio

 

Release Versions

  • English

Contacts

Ideal Electric Company
Public Relations
pr@idealelectric.co.com

IDEAL ELECTRIC POWER CO.
330 East First Street
Mansfield, OH 44902 USA

425 North Wayside Dr.
Houston, tx 77020 USA

MAIN       +1 (419) 522-3611
EUROPE  +34 960 479 726

© 2019 IDEAL ELECTRIC POWER CO. ALL RIGHTS RESERVED.   |   TERMS OF USE   |   COOKIE & PRIVACY POLICY

The information contained in this website is for general information purposes only. The information is provided by IDEAL ELECTRIC POWER CO. and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website. Through this website you are able to link to other websites which are not under the control of IDEAL ELECTRIC POWER CO. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. Every effort is made to keep the website up and running smoothly. However, IDEAL ELECTRIC POWER CO. takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control. By using this website you agree to the Terms of Use and Cookie & Privacy Policy published herein.

GET IDEAL UPDATES

Subscribe now and we'll keep you up to date on the latest news and information from IDEAL ELECTRIC. No spam, just Genuine Ideal.

You have Successfully Subscribed!