IES Holdings Completes $691 Million Acquisition of DBM Global
Key Facts
IES Holdings announced the completion of its acquisition of DBM Global, adding a major structural steel fabrication and erection platform to its portfolio. GlobeNewswire reported that the total consideration for the deal was approximately $691 million, consisting of $545 million in cash and 430,974 shares of IES common stock.
The acquisition aims to establish a new structural line of business within the company to expand its industrial capacity. The equity portion of the deal was valued at approximately $146 million based on the closing price of IES common stock on October 2, 2026, subject to customary post-closing adjustments.
Latest Updates · 1
- Notable·
Update: INNOVATE confirmed the completion of the sale of its subsidiary, DBM Global, to IES Holdings. The closing follows the terms of the transaction agreement originally announced on August 10, 2026.