IES Holdings to acquire DBM Global for $650M

IES Holdings has entered into a definitive agreement to acquire DBM Global, a structural steel fabrication and erection platform, from INNOVATE Corp. for approximately $650 million in cash and stock. The transaction is expected to close in the quarter ending December 31, 2026.

“IES Holdings, Inc. today announced that it has entered into a definitive agreement to acquire DBM Global Inc.”sec.gov

• 3 sources
• sec.govAug 10, 2026
• globenewswire.comIES Holdings to Acquire DBM GlobalIES Holdings, Inc.Aug 10, 2026
• globenewswire.comIES Holdings to Acquire DBM GlobalIES Holdings, Inc.Aug 10, 2026

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