IES Holdings Acquires Gulf Island Fabrication for $192 Million

IES Holdings has acquired Gulf Island Fabrication, a steel fabricator and service provider, for $12 per share in cash. The acquisition is valued at approximately $192 million in equity and $152 million in enterprise value, including $40 million in cash. Gulf Island will become part of IES's Infrastructure Solutions segment, supporting existing customers and adding capacity for custom engineered solutions.