IES Holdings closes DBM Global acquisition for about $691 million
IESC•IES Holdings closed its acquisition of DBM Global for about $691 million, consisting of about $545 million in cash and 430,974 IES common shares valued at about $146 million.
1. Acquisition terms
IES Holdings closed its acquisition of DBM Global for total consideration of about $691 million, paid in cash and stock. The consideration included about $545 million in cash and 430,974 IES common shares valued at about $146 million.
2. New business line
DBM Global will operate as a new Structural line of business alongside IES’s existing segments. DBM Global generated about $1.5 billion in revenue for the 12 months ended June 30, 2026.
3. Funding
IES funded the cash portion with cash on hand and borrowings under an amended and expanded credit facility arranged by Wells Fargo.
