Company to open location in vacant Poseyville factory

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IPS enters into five-year lease with Nix

By Rachel Christian

A power services company will soon occupy a 50,000 square foot facility in Poseyville after entering into a lease agreement last week.

Integrated Power Services (IPS) has entered into a five-year lease agreement with Nix Leasing LLC to occupy the former plastic plant located at 40 Frontage Road in Poseyville.

The building was constructed in the 1990s by Altec Plastics and was most recently utilized as a Lucent Polymers plastics facility. After sitting vacant for over a year, it was purchased by Nix Companies, a locally owned welding and metal works company, in January 2016.

Nix has experienced a rapid, 700 percent growth since 2011, making it the 27th fastest growing manufacturer in the nation last year. President and fifth-generation owner Matthew Nix told the Mount Vernon Democrat in September that the company was looking for someone to lease the property until Nix grew large enough to expand into the location.  
Nix said that is still the plan.

“If the tenant chooses to stay longer, then we will possibly build a new facility next door,” he said.

Integrated Power Services was founded in 2007 in South Carolina, and provides repair, field and distribution services to keep electric motors and generators continuously operational. They provide these services through a network of service centers, field offices, warehouses and distribution centers.

IPS moved into the Tri-State region in August. Lee Rogers, IPS Evansville Service Center Business Manager, decided on the Poseyville facility as the most viable option for the company’s new regional center.

He said factors such as the plant’s proximity to Interstate 64, room for future expansion and easy access to markets in Western Kentucky and Southern Illinois all a contributed to the decision to lease the property from Nix.

Six employees will work out of this location with plans to add three more by the end of the year. Lee said he hopes to begin furnishing the new space next month.

IPS and Nix have already collaborated on several projects together and plan to continue doing so moving forward. Over the next two years they hope to employ approximately 15 employees, including engineers, mechanics, sales reps, and office support personnel.

“In addition to IPS being a solid tenant in our facility, we are very optimistic about our ability to work together with them in a strategic partnership,” Nix said.