Gulf Island Fabrication to be Acquired by IES Holdings for $192 Million

IES Holdings, Inc. (IESC) entered a merger agreement on November 7, 2025, to acquire Gulf Island Fabrication, Inc. (GIFI) in an all-cash deal valued at $192 million.

Deal Structure:

IES will pay $12 in cash per Gulf Island share, representing a premium of 52.48% from the stock’s last close.

Company Profile:

Gulf Island Fabrication designs, engineers, and fabricates complex steel structures, modules, and automation systems, and provides specialty construction, maintenance, and field services for the energy, industrial, and government sectors across the U.S.

IES Holdings designs, installs, and maintains integrated electrical, technology, and infrastructure systems, providing services and products across commercial, industrial, residential, and communications markets throughout the United States.

Deal Details and Timeline:

The deal is expected to close in the quarter ending March 31, 2026.

IES Holdings is paying 6.18 times EBITDA for Gulf Island Fabrication.

Deal Metrics:

To explore more about this merger and acquisition transaction, you are invited to visit the Deal Metrics page at the following link:

Deal Metrics for the acquisition of Gulf Island Fabrication, Inc. (GIFI) by IES Holdings, Inc. (IESC)

The Deal Metrics page for each merger or acquisition provides:

• A chart of spread history illustrating the merger progression from announcement to completion or failure.
• Chronological events from the expiration of the HSR period, regulatory approvals, shareholder votes, etc.
• News updates and SEC filings.
• A record of deal updates.
• And much more.

Disclaimer: We encourage all readers to conduct their own research before making any investment based on the information provided in this article. The completeness or accuracy of the content or data provided in this article is not warranted.

Editor’s Note: Baranjot Kaur contributed to this article