A methodology for measurement-based load modeling based on integrating dynamic models is presented in this paper. A composite load model (CLM) and an exponential recovery load (ERL) model are combined and used as a model structure for load representation coupled with a heuristic criterion. An improved particle swarm optimization (IPSO) algorithm that considers a speed update modification to enhance its global search capabilities is used to identify the model's parameters. Several simulations are performed in two test systems, using load response measurements after small and severe disturbances, considering noise measurement to simulate monitoring devices. Results verify that the proposed load model has a better performance than the individual load models, and also IPSO algorithm is adequate for parameter identification.