DBM Global To Be Acquired by IES Holdings for US$650 Million
08/12/2026 - IES Holdings Inc. announced it will acquire integrated structural steel fabrication, erection and industrial services platform DBM Global Inc. from INNOVATE Corp. for about US$650 million.
DBM Global has its headquarters in Phoenix, Ariz., USA. With 3,400 employees, it has a variety of brands including Schuff Steel, Banker Steel, GrayWolf, DBM Vircon and Aitken. They provide engineering, fabrication, erection and industrial construction services across commercial, industrial, data center, stadium and infrastructure end markets, the company said.
“We look forward to investing in DBM Global’s people, facilities and equipment to enhance its operating capabilities and support the continued growth of its businesses and product lines as part of IES,” said Matt Simmes, president and chief executive officer of IES.
The transaction is expected to close by 31 December, upon which DBM Global will be a new structural line of business for IES.
“We see significant opportunity to leverage IES’s balance sheet strength to accelerate investment in our operations and to work alongside IES’s other operating segments to deliver a broader range of services to our customers, many of whom we have served for decades,” said Rustin Roach, president and chief executive officer of DBM Global.
“We look forward to investing in DBM Global’s people, facilities and equipment to enhance its operating capabilities and support the continued growth of its businesses and product lines as part of IES,” said Matt Simmes, president and chief executive officer of IES.
The transaction is expected to close by 31 December, upon which DBM Global will be a new structural line of business for IES.
“We see significant opportunity to leverage IES’s balance sheet strength to accelerate investment in our operations and to work alongside IES’s other operating segments to deliver a broader range of services to our customers, many of whom we have served for decades,” said Rustin Roach, president and chief executive officer of DBM Global.
