Mergers & Acquisitions ·
IES Holdings completes $691M acquisition of DBM Global, adding structural steel business
IESCIES Holdings, Inc.
IES Holdings completed its previously announced acquisition of approximately 91.21% of DBM Global for total consideration of approximately $691 million. The transaction consists of roughly $545 million in cash and 430,974 shares of IES common stock valued at about $146 million. IES funded the cash portion using existing cash reserves and $525 million in borrowings under its amended credit facility. DBM Global generated approximately $1.5 billion in revenue for the twelve months ended June 30, 2026, and will operate as a new structural line of business alongside IES's existing segments. IES Holdings designs and installs integrated electrical and technology systems, provides infrastructure solutions, and delivers structural steel engineering, fabrication, and erection services.