IES Holdings closes DBM Global acquisition for about $691 million
Bitget2026/10/05 12:35IES Holdings closed its acquisition of DBM Global for total consideration of about USD 691 million, paid in cash and stock. Consideration included about USD 545 million in cash and 430,974 IES common shares valued at about USD 146 million. DBM Global will operate as a new Structural line of business alongside IES’s existing segments. DBM Global generated about USD 1.5 billion of revenue for the 12 months ended June 30, 2026. Cash portion funded with cash on hand and borrowings under an amended and expanded credit facility arranged by Wells Fargo. 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: 202610050830PRIMZONEFULLFEED9839513) on October 05, 2026, and is solely responsible for the information contained therein.
- IES Holdings closed its acquisition of DBM Global for total consideration of about USD 691 million, paid in cash and stock.
- Consideration included about USD 545 million in cash and 430,974 IES common shares valued at about USD 146 million.
- DBM Global will operate as a new Structural line of business alongside IES’s existing segments.
- DBM Global generated about USD 1.5 billion of revenue for the 12 months ended June 30, 2026.
- Cash portion funded with cash on hand and borrowings under an amended and expanded credit facility arranged by Wells Fargo.
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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