IES Holdings, Inc. will acquire Gulf Island Fabrication, Inc. for $12.00 per share in cash, valuing Gulf Island at approximately $192 million. The agreement has been approved by the boards of both companies and is expected to close in the quarter ending March 31, 2026, pending customary approvals. Gulf Island's Houma, Louisiana facility will expand IES's fabrication footprint and enhance its services capabilities, particularly in supporting data center growth and U.S. infrastructure projects. Both companies emphasized operational continuity and a shared commitment to safety, quality, and project execution. This information was disclosed by IES Holdings, Inc.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IES Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001048268-25-000165), on November 12, 2025, and is solely responsible for the information contained therein.