IESC
IES Holdings
October 7, 2026 · intraday
- Rarity
- 1.60
- Peak move
- −11.39%
- Float cap
- $13.2B
IES Holdings designs and installs integrated electrical and technology systems and provides infrastructure products across the United States. It serves data centers, residential homebuilders, and commercial, industrial, and institutional customers through communications, residential, infrastructure solutions, and commercial and industrial segments, including generator enclosures, switchgear, and bus duct manufacturing.
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What we found
4 events · 0 from SEC or newswire · 0 timed with the movedebt_financingIES Holdings entered Amendment No. 2 to its Fourth Amended and Restated Credit Agreement with Wells Fargo as administrative agent, raising borrowing capacity to $700 million ($200 million term loan and $500 million revolver) and drawing $525 million to fund the DBM Global cash consideration.
institutional_flowTontine Capital Partners and Jeffrey L. Gendell filed Amendment No. 33 to their Schedule 13D, reporting their group's beneficial ownership fell from ~53.2% to 51.7% after IES issued 430,974 new shares for the DBM Global deal, lifting shares outstanding to 40,279,686.
acquisition_acquirerIES Holdings completed its acquisition of DBM Global Inc. for total consideration of approximately $691 million, consisting of about $545 million in cash and 430,974 IES shares valued at roughly $146 million, making it IES's largest acquisition to date and adding a structural steel fabrication and erection platform as a new structural line of business.
peer_disclosureINNOVATE Corp. completed the sale of its ~91.21% stake in DBM Global to IES Holdings, receiving ~$378 million in cash plus 430,974 IES shares valued at ~$146 million and a $35 million payment for a Section 338 tax election, totaling ~$413 million in cash.