IES Holdings, Inc. Common Stock
IESCIES Holdings, Inc. (IESC) is a provider of highly engineered electrical and communications infrastructure solutions. The company serves various markets, including commercial, industrial, healthcare, and government sectors, offering electrical construction, engineering, and telecommunications services. With a focus on delivering integrated infrastructure systems, IES Holdings specializes in energy, communications, and utility project execution.
Company News
IES Holdings (NASDAQ: IESC) has completed its acquisition of Gulf Island Fabrication for $12 per share in cash, representing approximately $192 million in equity value. Gulf Island, a steel fabricator serving industrial, energy, and government sectors, will be integrated into IES's Infrastructure Solutions segment. The acquisition expands IES's c...
JB Capital Partners reduced its stake in IES Holdings by $12.06 million (41,004 shares) during Q3, cutting the position from 2.3% to 0.06% of its portfolio. Despite the reduction, IES Holdings has surged 86% over the past year with record earnings, strong backlog of $2.37 billion, and zero net debt. The analyst views this as disciplined profit-ta...
Law firm investigating potential unfair sale of Gulf Island Fabrication to IES Holdings, alleging possible breach of shareholder rights and fiduciary duties.
Law firm Monteverde & Associates is investigating the proposed sale of Gulf Island Fabrication to IES Holdings, examining whether the $12.00 per share cash transaction is fair to shareholders.
IES Holdings will acquire Gulf Island Fabrication for $12.00 per share, representing a 52% premium, in a strategic move to expand infrastructure and data center service capabilities.
