Tracked deals
7
7 tracked deals across 2015-2025.
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.
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
Last 3 years
Supporting Data
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.
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.
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.
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.
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.
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.
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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