Core Viewpoint - IES Holdings, Inc. has successfully completed the acquisition of Gulf Island Fabrication, Inc., enhancing its capabilities in the Infrastructure Solutions segment and expanding its fabrication footprint [1][2][3] Acquisition Details - The acquisition includes all issued and outstanding common stock of Gulf Island at a price of $12 per share, totaling an equity value of approximately $192 million and an enterprise value of about $152 million, which includes around $40 million in cash [2] Strategic Implications - The acquisition aligns with IES's strategy to expand its Infrastructure Solutions segment and strengthen its role in U.S. infrastructure development, particularly in the energy sector, including oil & gas and potential nuclear projects [3] - The addition of Gulf Island's workforce and facilities, including a 450,000-square foot campus in Houma, Louisiana, will significantly enhance IES's capacity and service offerings, allowing for a broader range of solutions [3] Company Overview - IES Holdings, Inc. specializes in designing and installing integrated electrical and technology systems, providing infrastructure products and services across various markets, including data centers and industrial facilities, supported by a workforce of over 10,000 employees [4]