Public Company Industrial Services

IES Holdings

Houston, Texas, United States

IES Holdings, Inc. provides electrical contracting services and infrastructure solutions in the United States through operating subsidiaries serving commercial, industrial, residential, and infrastructure markets.

Focus Areas
Electrical contracting, Electrical infrastructure solutions, Industrial maintenance & repair (electro-mechanical)

Tracked deals

7

7 tracked deals across 2015-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

5 buyout · 2 divestiture

IES Holdings Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for IES Holdings. 3 2020 2 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    IES Holdings, Inc.
    Target
    Arrow Engine Company
    Seller
    TriMas Corporation
    Industry
    Manufacturing

    IES Holdings, Inc. (NASDAQ: IESC) has acquired Arrow Engine Company, a Tulsa-based manufacturer of engines, generator sets, compressors and replacement parts, from TriMas Corporation. Arrow will join IES's Infrastructure Solutions segment, continuing to operate under the Arrow name and leveraging IES's manufacturing and engineering resources to expand product offerings and serve oil & gas and industrial end markets.

  • Buyer
    Mason Capital Management LLC, IES Holdings, Inc., Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors
    Target
    CB&I
    Seller
    McDermott International, Ltd
    Industry
    Infrastructure

    A consortium of financial investors led by Mason Capital Management has completed the all-cash acquisition of CB&I, the storage facilities, tanks and terminals business formerly owned by McDermott. McDermott will receive $475 million of proceeds before taxes and transaction expenses; CB&I will operate as a standalone company with no funded debt and a mandate to pursue growth in energy and industrial storage markets.

  • Buyer
    IES Holdings, Inc.
    Target
    Greiner Industries, Inc.
    Seller
    Frank Greiner / Greiner family
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    IES Holdings, Inc.
    Target
    Bayonet Plumbing, Heating and Air-Conditioning, LLC
    Seller
    Robert (Robbie) C. Blankenship, Robert N. Blankenship
    Type
    Buyout

    IES Holdings, Inc. acquired an 80% ownership interest in Bayonet Plumbing, Heating and Air-Conditioning, LLC, a Hudson, Florida-based residential HVAC and plumbing services provider. The Blankenship family will retain a 20% stake, and Bayonet — with trailing 12-month revenue of about $86 million and over 500 employees — will join IES's Residential segment to expand its Florida footprint and add HVAC and plumbing capabilities.

  • Buyer
    IES Holdings, Inc.
    Target
    Wedlake Fabricating, Inc.
    Seller
    Brian Wedlake, Sr. / Wedlake family
    Industry
    Manufacturing
    Type
    Buyout

    IES Holdings, Inc. acquired Wedlake Fabricating, a Tulsa, Oklahoma-based manufacturer of custom generator enclosures. Wedlake will operate within IES's Infrastructure Solutions segment, with Brian (Bo) Wedlake, Jr. promoted to general manager as the company expands its Midwest manufacturing capacity and geographic footprint.

  • Buyer
    IES Holdings, Inc.
    Target
    Aerial Lighting & Electric, Inc.
    Seller
    Paul Simko
    Type
    Buyout

    IES Holdings, Inc. acquired all equity interests in Aerial Lighting & Electric, Inc., a Naugatuck, Connecticut-based electrical contractor specializing in multi-family residential electrical systems. Aerial, which had approximately $24 million in 2019 revenue and over 60 employees, will join IES's Residential segment to strengthen and expand IES's presence in the Northeast and Mid-Atlantic.

  • Buyer
    Magnetech Industrial Services, Inc., Integrated Electrical Services, Inc.
    Target
    Southern Industrial Sales and Services, Inc. (d/b/a Southern Rewinding)
    Type
    Buyout

    Magnetech Industrial Services, a wholly-owned subsidiary of Integrated Electrical Services (IES), has acquired all common stock and associated real estate of Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding, a Columbus, Georgia-based motor repair and field services company. Southern Rewinding will operate as a subsidiary of Magnetech within IES's Infrastructure Solutions segment, expanding Magnetech's geographic reach on the Gulf Coast and adding motor repair capabilities; Michael Phillips will remain as General Manager.

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