Ideal Electric Company Acquired from Hyundai Heavy ... News Ideal Electric Company Acquired from Hyundai Heavy Industries Co., Ltd. by an Affiliate of Gulf Electroquip, Ltd. 09.19.17. HOUSTON, TEXAS / MANSFIELD, OHIO (SEPTEMBER 14, 2017) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Ideal Electric Company (“Ideal Electric” or the Company), formerly owned by Hyundai Heavy Industries Co., Ltd. of South Korea ...