IES Holdings Acquires Gulf Island Fabrication

Gulf Island Fabrication Acquires DSS Services and Industrial Staffing Business from Dynamic Industries

December 1, 2021

Industrial Services

Gulf Island Fabrication, Inc. acquired the services and industrial staffing businesses ("DSS") of Dynamic Industries, Inc. for $8.0 million in cash. The purchase expands Gulf Island's services offerings (including coatings, scaffolding and specialty services), nearly doubles its craft labor headcount and extends its geographic footprint into South Texas and Western Louisiana.

IES Holdings Acquires Greiner Industries

April 1, 2024

Manufacturing

IES Holdings, Inc. (NASDAQ: IESC) has acquired Greiner Industries, a Mount Joy, Pennsylvania-based structural steel fabrication and services company. Greiner—which operates a 450,000-square-foot manufacturing campus on 60 acres, generated approximately $58 million in revenue in 2023 and employs over 275 people—will join IES's Infrastructure Solutions segment and continue to operate under the Greiner name.

First Reserve and Fortress Acquire Majority Stake in Island Energy Services from One Rock

June 2, 2025

Energy

A newly formed partnership between First Reserve and funds managed by affiliates of Fortress Investment Group has acquired a majority stake in Island Energy Services (IES) from One Rock Capital Partners, with One Rock remaining as a minority investor. IES is a Hawaii-based integrated fuel import, storage, pipeline and distribution operator that also runs a 50-location Texaco-branded retail network; the transaction closed in mid-2025 and terms were not disclosed.

Sky Island Capital Makes Majority Investment in USA Industries

January 18, 2022

Manufacturing

Dallas-based private equity firm Sky Island Capital has made a majority investment in USA Industries, a South Houston, Texas manufacturer of piping isolation and testing products, alongside the company's second-generation founding family. Sky Island will support USA Industries' growth plan and product/solutions expansion through operational and financial resources as the company continues serving refining, petrochemical, chemical, industrial and OEM end markets.

Gulf Manufacturing (GMI) Acquires Maass Global Group with $40M Support from Main Street Capital

March 19, 2024

Manufacturing

Gulf Manufacturing, LLC (GMI) completed the acquisition of Maass Global Group, combining GMI’s U.S. manufacturing and distribution footprint with Maass’s global flange, forged-bar, pipe and fittings capabilities. Main Street Capital Corporation provided a $40.0 million first-lien senior secured term debt investment and a revolving line of credit to support the transaction and the formation of a new parent, Gulf Manufacturing Holdings, LLC.

SSOE Group Acquires Integrated Engineering Services (IES)

October 13, 2023

Engineering Services

SSOE Group has acquired Santa Clara–based Integrated Engineering Services (IES), effective October 13, 2023. The acquisition adds IES's expertise in cleanroom design, lab and industrial ventilation, specialty/toxic gas distribution and process chemical systems, while preserving IES's team and expanding SSOE's presence in Santa Clara, Atlanta and Austin.