IES acquires DBM Global for $650 million
IES enters a transaction agreement to acquire approximately 92% of DBM Global shares for a base purchase price of $650 million, subject to adjustments.
Latest IES News & Updates
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Electrical and technology infrastructure services provider
ies-corporate.com- Headquarters
- Houston, United States
- Founded year
- 1997
- Company type
- Public company
- Number of employees
- 10,000+
- Industry
- Construction & Engineering
Last updated
Latest news about IES
In short: IES reported record growth driven by data center demand, announced a $650M acquisition of DBM Global, and approved a 2-for-1 stock split.
Company announcements
IES reports Q3 fiscal 2026 earnings and announces stock split
Revenue rose 40% to $1.24 billion with net income up 98% as data center demand surged, while the board approved a two-for-one stock split.
David B Gendell filed Form 4 with IES Holdings
The filing date is July 6, 2026, reporting changes in beneficial ownership of securities as of July 1, 2026.
IES reports strong Q1 fiscal 2026 earnings growth and completes Gulf Island acquisition
Revenue rose 16% to $871 million while net income increased 62%. The company also completed the Gulf Island Fabrication acquisition for $192 million.
Media coverage
IES Sees Data Center Boom, Plans $650M DBM Global Acquisition
IES (NASDAQ:IESC) outlined continued growth in data center-related markets, expanding operating margins and plans for its largest acquisition to date during a presentation at the...
IES (NASDAQ:IESC) Shares Down 6.8% - Here's What Happened
IES (NASDAQ:IESC) Shares Down 6.8% - Here's What Happened...
IES Holdings price surges 25% on Q3 beat: Data center, backlog boom powers rally
IES Holdings (NASDAQ: IESC) stock jumped more than 25% to ~$724 on Friday, extending its weekly gain to over 15%, after the electrical and infrastructure...
IES names current COO Matthew Simmes as its chief executive officer
IES (IESC) said its chief operating officer and president, Matthew Simmes, will succeed Jeffrey Gendell as CEO, effective on July 1.
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