IES Holdings agrees to buy DBM Global in deal valued at about $650 million - IESC News | RalliesIES Holdings agrees to buy DBM Global in deal valued at about $650 million
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IESC• IES Holdings to acquire DBM Global
- IES Holdings agrees to buy DBM Global in a deal valued at about $650 million.
- The agreement is expected to close in the quarter ending Dec. 31, 2026.
- DBM Global would form a new Structural segment.
- DBM trailing 12-month revenue was $1.5 billion, with adjusted EBITDA of $123 million.
Recent financial performance and balance sheet
- IES reported fiscal 2025 revenue of $3.37 billion, a 5-year revenue CAGR of 23%.
- Operating income reached $383.5 million, implying a 5-year operating income CAGR of 50%.
- Balance sheet metrics included $232 million of net cash and marketable securities, measured as of Sept. 30, 2025.
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