Mergers & Acquisitions ·
IES Holdings, Inc. entered into a definitive agreement on August 7, 2026, to acquire approximately 91.2% of DBM…
IESCIES Holdings, Inc.
IES Holdings, Inc. entered into a definitive agreement on August 7, 2026, to acquire approximately 91.2% of DBM Global, Inc., from Innovate Corp., for a total consideration of approximately $685 million. The transaction involves paying roughly $545 million in cash and issuing approximately $140 million worth of IES common stock (about 215,487 shares) to the seller. DBM Global is a vertically integrated structural steel fabrication and erection platform with approximately $1.3 billion in trailing revenue and 3,400 employees. The acquisition will establish a new Structural line of business for IES, diversifying its operations beyond electrical and technology systems. Closing is expected by December 31, 2026, subject to regulatory approvals including Hart-Scott-Rodino clearance.