Deals
IES Holdings Closes Its $691 Million Purchase of Steel Fabricator DBM Global
The cash-and-stock deal adds a $1.5 billion-revenue structural steel platform and about 4,000 employees, and hands seller INNOVATE Corp. roughly $413 million in cash.
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By Anna Ferreira
Oct 6, 2026 · 2 min read
IES Holdings said Monday it had completed its acquisition of DBM Global, a structural steel fabrication and erection business, for approximately $691 million, adding a new operating segment and about 4,000 employees to the electrical and infrastructure contractor.
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Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.