IES Holdings Completes Acquisition of Gulf Island Fabrication
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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IES Holdings announced the closing of its previously announced acquisition of Gulf Island Fabrication, a steel fabricator and service provider to the industrial, energy and government sectors. The merger will become effective at 3:15 PM CT, and at that time Gulf Island will become part of IES's Infrastructure Solutions segment, where it will continue to support Gulf Island's existing customers and add capacity for IES's custom engineered solutions, including generator enclosures and related power products. The closing of IES's acquisition of Gulf Island includes all of the issued and outstanding common stock of Gulf Island for $12 per share in cash, representing an aggregate equity value of approximately $192M and an enterprise value of approximately $152M, including approximately $40M of cash.
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About IESC
IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities. Its Communications segment is a national provider of technology infrastructure services, including the design, build, and maintenance of communications infrastructure. Its Residential segment is a regional provider of electrical installation services for single-family housing and multifamily apartment complexes. Its Infrastructure Solutions segment is a provider of electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products. Its Commercial & Industrial segment is a provider of electrical and mechanical design, construction, and maintenance services to the commercial and industrial markets in various regional markets and nationwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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IES Holdings Acquires Gulf Island for $12 per Share, Totaling Approximately $192 Million
- Acquisition Completed: IES Holdings has finalized its acquisition of Gulf Island Fabrication at $12 per share, totaling approximately $192 million, which is expected to enhance its competitive position in the Infrastructure Solutions segment.
- Market Expansion Potential: The acquisition integrates Gulf Island into IES's Infrastructure Solutions segment, anticipated to boost service capabilities in the energy market, particularly in the growing oil and gas sectors.
- Capacity Enhancement: With Gulf Island's 450,000-square-foot facility in Houma, Louisiana, the acquisition significantly increases IES's production capacity, enabling the delivery of custom-engineered solutions to meet rising customer demand.
- Strategic Development Direction: IES CEO Matt Simmes stated that this acquisition aligns with the company's strategy to expand its Infrastructure Solutions, aiming to deepen its role in U.S. infrastructure development, especially in data centers and potential nuclear energy opportunities.
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