AcquisitionAug 10, 2026Completed
🇺🇸 United States
DGDBM Global, Inc.IIES Holdings, Inc.
Industrials › Building Products & Construction
Deal valueUndisclosed
AnnouncedAug 10, 2026
ConsiderationCash and stock
StructureNot stated
RegionNorth America
Cross-borderUnknown
Contingent paymentNo
Overview
IES Holdings, Inc. agreed to acquire DBM Global, Inc. from INNOVATE CORP. for approximately $510 million in cash and 430,974 shares of IES common stock valued at approximately $146 million, plus $35 million in cash as compensation for a tax election.
Deal rationale
INNOVATE said it intends to use the net proceeds to reduce outstanding debt and strengthen its balance sheet as it focuses on its remaining businesses.
AI-generated from the SEC filingCompletedIndustrials › Building Products & ConstructionUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
None listed
Sell-side
JJefferies
Parties
Target
DGDBM Global, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
IIES Holdings, Inc.
- Headquarters
- —
- Ticker
- —
Seller
IINNOVATE CORP.
- Headquarters
- —
- Ticker
- —