NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWCALGARY, Alberta, Oct. 21, 2025 (GLOBE NEWSWIRE) -- (all numbers in this release are in Canadian dollars (CDN$) unless otherwise noted) Alaris Equity Partners (“Alaris” or the “Trust”) is pleased to announce that it has recently completed three investments totaling US$52.7 million, contributing an incremental US$6.6 million or 4.3% growth to Alaris’ run rate partner d ...

Company Overview - IES Holdings, Inc. is a 28-year-old company with a strong foundation in electrical contracting [1] - The company operates as a diversified infrastructure services provider across various markets in the US, with operations in over 130 locations [1] Market Focus - IES Holdings primarily serves sectors such as housing, data centers, power, and industrial markets [1]

AUSTIN, Texas, Sept. 22, 2025 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC: GTVH) today announced that it has executed a Letter of Intent (“LOI”) to acquire a Texas-based electrical contracting firm generating over $6 million in annual revenue with consistent profit margins and a proven record of active growth. Following the close of the transaction, the business will operate under the Company’s construction division, GoldenEra Development. The firm delivers electrical contracting serv ...

Financial Performance - Shimmick Corporation reported revenue of $128 million, a 42% year-over-year increase, with $113 million from Shimmick Projects[8] - The company reported a gross margin of $8 million, a 126% year-over-year improvement compared to a gross margin of $(31) million in Q2 2024[8] - Shimmick Projects contributed a gross margin of $15 million, while Non-Core Projects had a gross margin of $(7) million[8] - The company recognized a net loss of $8 million and an Adjusted EBITDA of $(0.2) million, primarily due to Non-Core Projects[8] Backlog and Future Growth - The company's backlog is approximately $652 million as of July 4, 2025, with over 88% being Shimmick Projects[8] - $70 million in New Awards were added to Backlog in July 2025, and the company was selected as the preferred bidder on $164 million for a Transit Center & River Pump Station[8, 12] - Shimmick Projects revenue is expected to be in the range of $405 million to $415 million for the full fiscal year ending January 2, 2026, with an overall gross margin between 9% and 12%[31] - Non-Core Projects revenue is expected to be in the range of $80 million to $90 million, with an overall gross margin between (15%) and (5%)[31] Strategic Initiatives - The company launched Axia Electric, a dedicated electrical subsidiary, targeting growth segments including industrial, data center, and advanced manufacturing[8] - The addressable market for electrical contracting services is $100 billion per year[15]

Core Insights - White Mountains Partners has acquired a majority interest in Enterprise Electric, LLC, a leading provider of specialty electrical contracting services, founded in 2003 and headquartered in Nashville, Tennessee [1][2] - Enterprise Solutions specializes in designing, engineering, prefabricating, and installing electrical infrastructure for various commercial and institutional markets, including healthcare, manufacturing, education, and data centers [1][3] - The acquisition is seen as a strategic move for White Mountains Partners to extend its long-term, value-oriented approach into attractive sectors beyond insurance [2][4] Company Overview - Enterprise Solutions is characterized as an electrical engineering and construction merit shop, providing a comprehensive range of services from electrical design and construction to fabrication and sustainability [3] - The company has built a strong reputation for innovative solutions and efficient execution of technically complex projects [2] Strategic Intent - The partnership aims to accelerate Enterprise Solutions' growth strategy by entering new geographies, expanding into adjacent markets, and executing bolt-on acquisitions [2] - White Mountains Partners is focused on providing institutional capital to family, founder, and entrepreneur-owned businesses in essential services, light industrial, and specialty consumer sectors [4]