Core Viewpoint - IES Holdings, Inc. has announced the acquisition of Gulf Island Fabrication, Inc. for $12.00 per share, totaling approximately $192 million, which represents a 52% premium over Gulf Island's trading price as of November 6, 2025 [1][4]. Company Overview - IES Holdings, Inc. designs and installs integrated electrical and technology systems, serving various end markets including data centers, residential housing, and commercial and industrial facilities, with over 10,000 employees in the United States [6]. - Gulf Island Fabrication, Inc. is a leading fabricator of complex steel structures and provides specialty services to the industrial, energy, and government sectors, with operations primarily in Houma, Louisiana, and Houston, Texas [7][9]. Strategic Rationale - The acquisition is expected to enhance IES's capabilities in delivering complex steel structures and specialty services, particularly in the data center market and U.S. infrastructure rebuilding efforts [4][8]. - Gulf Island's Houma facility, which spans 450,000 square feet on 160 acres, complements IES's existing footprint and expands its service capabilities [8]. Transaction Details - The transaction has been approved by the boards of directors of both companies and is anticipated to close by March 31, 2026, pending shareholder and regulatory approvals [2]. - Approximately 20% of Gulf Island's shareholders have entered into voting agreements to support the transaction, and IES holds about 3.5% of Gulf Island's shares [2].

Company Overview - Gulf Island Fabrication, Inc. is a leading steel fabricator and service provider to the industrial, energy, and government sectors [3] - The company specializes in complex steel structures, modules, automation systems, and various specialty services including engineering, project management, and maintenance [3] - Gulf Island's customer base includes U.S. energy producers, refining and petrochemical operators, EPC companies, and government entities [3] Financial Reporting - Gulf Island will report its financial results for the second quarter of 2025 after the market closes on August 6, 2025 [1] - A conference call to discuss the financial results will be held on the same day at 4:00 p.m. Central Time [2] - The call will be accessible via webcast on the company's website and through a dedicated phone line [2]