IES Holdings to buy DBM Global for about $650 million

Reuters2026/08/10 12:03

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IES Holdings agreed to buy DBM Global from Innovate for about USD 685 million, paid in USD 545 million cash and USD 140 million stock.
DBM Global, a structural steel fabrication and erection platform, posted about USD 1.3 billion revenue for the 12 months ended March 31, 2026.
Deal adds a new Structural line of business, expanding IES beyond its communications, residential, infrastructure solutions, commercial and industrial operations.
IES expects to fund the cash portion with cash on hand, backed by borrowings under an expanded Wells Fargo-arranged credit facility.
Closing targeted for the quarter ending Dec. 31, 2026, subject to customary conditions and purchase-price true-ups.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IES Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608100800PRIMZONEFULLFEED9806495) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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IES Holdings to buy DBM Global for about $650 million

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