# IES Holdings, Inc. (IESC) — capital_raise/private_placement [completed]
Source: SEC API (secapi.ai) · situation sit_39f4c38d7bbe13fba1f2 · retrieved 2026-08-14T01:27:39.632Z

## Overview
IES Holdings, Inc. is an electrical services company engaged in electrical work and construction services.

On August 7, 2026, IES Holdings, Inc. entered into a Transaction Agreement to acquire approximately 92% of the issued and outstanding shares of DBM Global, Inc. from Innovate Corp. and DBM Global Intermediate Holdco Inc. for a base purchase price of $650,000,000, subject to customary adjustments. As consideration, the sellers will receive 215,487 shares of IES common stock (valued at $140,000,000 based on a price of $649.69 per share) plus cash equal to their pro rata share of the purchase price minus $140,000,000 and the Intercompany Tax Balance Amount. Following the acquisition, IES Merger Sub will merge with and into DBM Global, with DBM Global surviving as a wholly owned subsidiary of IES. The transaction is subject to customary closing conditions, including HSR Act approval and the absence of a Material Adverse Effect, with an outside date of February 7, 2027.

## Terms
- Counterparty: Innovate Corp. and DBM Global Intermediate Holdco Inc. · Deal value: $650.0M · Consideration: mixed · Stake: 92% · Price/share: $649.69

## Key dates
- Expiry 2027-02-07 · Completed 2026-08-11

## Timeline
- 2026-08-11 · 8-K (0001493152-26-036976): 8-K - IES Holdings, Inc. — *IES Holdings, Inc. is an electrical services company engaged in electrical work and construction services.* On August 7, 2026, IES Holdings, Inc. entered into a Transaction Agreement to acquire approximately 92% of the issued and outstanding shares of DBM Global, Inc. from Innovate Corp. and DBM Global Intermediate Holdco Inc. for a base purchase price of $650,000,000, subject to customary adjustments. As consideration, the sellers will receive 215,487 shares of IES common stock (valued at $140,000,000 based on a price of $649.69 per share) plus cash equal to their pro rata share of the purchase price minus $140,000,000 and the Intercompany Tax Balance Amount. Following the acquisition, IES Merger Sub will merge with and into DBM Global, with DBM Global surviving as a wholly owned subsidiary of IES. The transaction is subject to customary closing conditions, including HSR Act approval and the absence of a Material Adverse Effect, with an outside date of February 7, 2027.
  https://www.sec.gov/Archives/edgar/data/1048268/0001493152-26-036976.txt

## Citations
- 0001493152-26-036976 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036976