# 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.

- Type: Acquisition
- Announced: 2026-08-10
- Where: Phoenix, Arizona, United States
- Value: $650.0M
- Jobs: 3,400
- Status: announced
- Products: structural steel fabrication, erection services, industrial services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [IES Holdings](https://endata.com/companies/22890.md) (acquirer)
- [DBM Global](https://endata.com/companies/93451.md) (target)
- [INNOVATE Corp.](https://endata.com/companies/93452.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1048268/000149315226036976/ex99-1.htm), 2026-08-10: "IES Holdings, Inc. today announced that it has entered into a definitive agreement to acquire DBM Global Inc."
- [globenewswire.com](https://www.globenewswire.com/de/news-release/2026/08/10/3341777/29106/en/ies-holdings-to-acquire-dbm-global.html), 2026-08-10: "IES Holdings, Inc. today announced that it has entered into a definitive agreement to acquire DBM Global Inc."
- [globenewswire.com](https://www.globenewswire.com/de/news-release/2026/08/10/3341777/0/en/ies-holdings-to-acquire-dbm-global.html), 2026-08-10: "IES Holdings, Inc. today announced that it has entered into a definitive agreement to acquire DBM Global Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.