IES Holdings closes DBM Global acquisition for about $691 million
Bitget2026/10/05 12:35IES Holdings closed its acquisition of DBM Global for total consideration of about USD 691 million, paid in cash and stock. Consideration included about USD 545 million in cash and 430,974 IES common shares valued at about USD 146 million. DBM Global will operate as a new Structural line of business alongside IES’s existing segments. DBM Global generated about USD 1.5 billion of revenue for the 12 months ended June 30, 2026. Cash portion funded with cash on hand and borrowings under an amended and expanded credit facility arranged by Wells Fargo. 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 GlobeNewswire (Ref. ID: 202610050830PRIMZONEFULLFEED9839513) on October 05, 2026, and is solely responsible for the information contained therein.
- IES Holdings closed its acquisition of DBM Global for total consideration of about USD 691 million, paid in cash and stock.
- Consideration included about USD 545 million in cash and 430,974 IES common shares valued at about USD 146 million.
- DBM Global will operate as a new Structural line of business alongside IES’s existing segments.
- DBM Global generated about USD 1.5 billion of revenue for the 12 months ended June 30, 2026.
- Cash portion funded with cash on hand and borrowings under an amended and expanded credit facility arranged by Wells Fargo.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Peruvian National Petroleum Company states that the Northern Peru oil pipeline has suffered a new sabotage attack.
Peru's national oil company has discovered new sabotage attacks on the North Peru Pipeline (ONP).
Peru National Petroleum Company: The eighth illegal oil tapping site has been discovered on the Northern Peru oil pipeline, resulting in a crude oil spill.
(1) Petroperu, the state-owned oil company of Peru, has stated that an eighth illegal tapping point was found on the North Peruvian Oil Pipeline (ONP) in the Sechura area of the Piura province. The company has activated its emergency response plan and dispatched professionals to the site. (2) Since June 2026, a total of eight illegal connections have been detected in the Sechura desert region. (3) Petroperu indicated that this new attack on the North Peruvian Oil Pipeline has resulted in an oil spill. The company reported the incident to the relevant authorities and plans to file a criminal complaint with the local prosecutor.
The cumulative outbound crude oil pipeline transportation in Ningxia has exceeded 200 millions tons.
Today (6th), according to the National Pipeline Network Group, the cumulative volume of crude oil transported through the Ningxia outbound pipeline has exceeded 200 millions tons. This energy corridor, which has been operating safely for 48 years, continues to provide strong support for optimizing the allocation of oil and gas resources in western China and promoting high-quality regional economic development. (CCTV)
CME Fed Watch: Probability of keeping interest rates unchanged in October is 77.3%
According to CME "FedWatch": there is a 77.3% probability that the Federal Reserve will keep interest rates unchanged by October, and a 22.7% probability of a cumulative 25 basis point rate hike. By December, there is a 13.4% probability that rates will remain unchanged, a 67.8% probability of a cumulative 25 basis point hike, and an 18.8% probability of a cumulative 50 basis point increase.
Crypto prices
More
