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DBM Global

Full company profile

uuid0004rtc

Namestring
DBM Global
Legal namestring
DBM Global Inc.
Websiteurl
dbmglobal.com
Company typeenum
Public
Founded yearint
1984
Descriptiontext

DBM Global Inc. is a Phoenix, Arizona-based, publicly traded (NYSE: DBMG) provider of fully integrated steel construction services operating through a portfolio of wholly-owned subsidiaries including Schuff Steel Company, Banker Steel, DBM Vircon, GrayWolf Integrated Construction Company, Milco National Constructors, and Aitken Manufacturing. The company delivers design, fabrication, erection, and project management capabilities for large-scale commercial, industrial, and infrastructure projects — including skyscrapers, convention centers, and major developments — with documented landmark work on One Vanderbilt and the Jacob K. Javits Convention Center Expansion. Operationally, DBM Global maintains a presence in seven countries (United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom) and targets enterprise general contractors and project developers through direct sales relationships. Revenue is generated on a project-based contract model, with services priced per-project based on scope, complexity, and steel volume rather than through published pricing.

DBM Global is an operating subsidiary of INNOVATE Corp. (formerly HC2 Holdings), which is the largest stockholder and provides capital structure support, including a $220 million senior secured credit facility due 2030. The company paid combined cash dividends of approximately $11.8 million in late 2025 and early 2026. As of Q4 2025, the infrastructure segment anchored by DBM Global reported a backlog of $1.8 billion, and parent INNOVATE Corp. consolidated revenue of $382.7M (Q4 2025), reflecting 61.7% YoY growth, though DBM Global itself posted a narrowed net loss of $7.8M for the quarter. In Q3 2025, parent INNOVATE Corp. initiated a strategic process for its DBM Global holdings citing unmet milestones, introducing potential ownership change risk. The company's GTM is enterprise field sales targeting mega-project general contractors, with brand recognition on landmark builds serving as the primary intangible asset.

Short descriptiontext

DBM Global Inc. is a publicly traded (NYSE: DBMG) integrated steel construction services provider delivering design, fabrication, and erection for large-scale commercial and infrastructure projects through a portfolio of subsidiaries across seven countries, serving enterprise general contractors and developers.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersPhoenix, United States
HQ citystring
Phoenix
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
structural steel fabrication, steel construction services, steel erection services, commercial steel fabrication, industrial steel manufacturing
Industry2 codes
1Commercial General Contracting (New Build)
CodeIMAFAAAAPrimaryYes
2Steel Plate, Sections & Welded Assemblies
CodeIMADACADPrimaryNo
NAICS code3 codes
  • Structural Steel and Precast Concrete Contractors238120
  • Nonresidential Building Construction2362
  • Fabricated Structural Metal Manufacturing332312
SIC code2 codes
  • General Bldg Contractors - Nonresidential Bldgs1540
  • Construction - Special Trade Contractors1700
Product category
Structural Steel Fabrication & Construction Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Steel Construction Services
TypeOne Time License
Description

DBM Global generates revenue through providing fully integrated steel construction services including design, fabrication, and erection for major infrastructure and construction projects. Revenue is project-based and derived from contracts with general contractors and developers for landmark construction projects.

globenewswire.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

DBM Global provides fully integrated steel construction services—including design, fabrication, erection, and asset management—for major commercial, industrial, and infrastructure construction projects. The company operates through a portfolio of specialized wholly-owned subsidiaries (Schuff Steel, Banker Steel, DBM Vircon, GrayWolf, Milco National Constructors, and Aitken Manufacturing) delivering coordinated steel construction solutions to general contractors and project developers across seven countries.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

DBM Global is a portfolio company of INNOVATE Corp. that provides fully integrated steel construction services through a collection of subsidiary companies. The company operates as a platform-plus-subsidiaries model, with the parent DBM Global entity coordinating a portfolio that includes Schuff Steel Company, Banker Steel, DBM Vircon, GrayWolf Integrated Construction Company, Milco National Constructors, and Aitken Manufacturing. These subsidiaries collectively deliver better designs, more efficient construction, and superior asset management solutions across multiple countries including the United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom.

Product and service6 records
1Schuff Steel Company
CategoryStructural Steel Fabrication & Erection
Description

A portfolio company of DBM Global providing structural steel fabrication and erection services for commercial and industrial construction projects.

2Banker Steel
CategoryStructural Steel Fabrication & Erection
Description

A portfolio company of DBM Global providing structural steel services, with a track record on major projects including One Vanderbilt and the Jacob K. Javits Convention Center Expansion.

3DBM Vircon
CategoryIntegrated Steel Construction Services
Description

A portfolio company of DBM Global providing fully integrated steel construction services with technology-enabled design and project management solutions.

4GrayWolf Integrated Construction Company
CategoryIntegrated Construction Services
Description

A portfolio company of DBM Global providing integrated construction services with a focus on collaborative project delivery methodologies.

5Milco National Constructors
CategoryNational Steel Construction & Erection
Description

A portfolio company of DBM Global providing national steel construction and erection services for industrial and commercial applications.

6Aitken Manufacturing
CategorySpecialized Steel Manufacturing
Description

A portfolio company of DBM Global providing specialized steel manufacturing and fabrication services for industrial applications.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Steel Dynamics is a major U.S. steel producer with structural steel products used in commercial and infrastructure construction. As an upstream steel supplier, it competes with Nucor and provides plate/section products that DBM and its fabricator peers purchase, making it a comparable incumbent in the structural steel value chain.

TypeBroad incumbent
Description

Nucor is the largest U.S. steel producer and a major supplier of structural steel beams, columns, and plate products. While Nucor is primarily a steel manufacturer (upstream from DBM), it competes for share-of-wallet with structural steel fabricators and serves overlapping commercial construction end-markets.

TypeRegional player
Description

Quanta Services is the largest specialty contractor in North America, providing infrastructure solutions for electric, gas, telecom, and renewable energy markets. While more focused on utility infrastructure than commercial real estate, Quanta competes for skilled trades and structural steel erection contracts and operates at similar scale to DBM.

TypeDirect peer
Description

Sterling Infrastructure provides specialty contracting services for transportation, building, and infrastructure projects through its subsidiaries. Comparable to DBM's integrated construction service model, particularly GrayWolf and Milco, with similar exposure to commercial and infrastructure construction cycles.

TypeBroad incumbent
Description

MasTec is a large infrastructure construction services company serving utilities, communications, oil & gas, and clean energy end-markets. While broader than DBM's commercial real estate focus, MasTec competes for the same pool of large-scale structural and infrastructure project opportunities and uses similar integrated project delivery models.

TypeOthers
Description

KBR provides engineering, procurement, construction, and technology services for infrastructure, defense, and government clients globally. Comparable to DBM Vircon's design and engineering capabilities and represents an adjacent services-platform peer in the broader engineering and construction services ecosystem.

TypeBroad incumbent
Description

AECOM is a global infrastructure consulting and engineering services firm providing design, construction management, and program management for major buildings and infrastructure. Comparable as a large-scale integrated design-build-services platform serving the same landmark-project customer base that DBM's Banker Steel subsidiary targets.

TypeDirect peer
Description

CMC is a vertically integrated steel manufacturer and rebar fabricator serving commercial construction and infrastructure markets. DBM Global is comparable as both companies supply steel-intensive products (rebar, structural steel) to commercial and infrastructure construction end-markets, with overlapping customer bases of general contractors and developers.

TypeDirect peer
Description

Granite Construction is a major U.S. infrastructure and commercial construction contractor delivering highways, bridges, buildings, and specialty structures. Granite is comparable to DBM's GrayWolf and Milco subsidiaries as both operate as general/specialty contractors in commercial and infrastructure construction.

TypeDirect peer
Description

Arcosa provides infrastructure-related products including structural steel fabrication, towers, and construction services to transportation, construction, and energy markets. Like DBM Global, Arcosa operates in fabricated structural products serving commercial and infrastructure construction, making it a direct peer on the fabrication side.

Market position
Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries13 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

DBM Global

Structural Steel Fabrication & Construction Servicesdbmglobal.com

DBM Global Inc. is a publicly traded (NYSE: DBMG) integrated steel construction services provider delivering design, fabrication, and erection for large-scale commercial and infrastructure projects through a portfolio of subsidiaries across seven countries, serving enterprise general contractors and developers.

What DBM Global does

DBM Global Inc. is a Phoenix, Arizona-based, publicly traded (NYSE: DBMG) provider of fully integrated steel construction services operating through a portfolio of wholly-owned subsidiaries including Schuff Steel Company, Banker Steel, DBM Vircon, GrayWolf Integrated Construction Company, Milco National Constructors, and Aitken Manufacturing. The company delivers design, fabrication, erection, and project management capabilities for large-scale commercial, industrial, and infrastructure projects — including skyscrapers, convention centers, and major developments — with documented landmark work on One Vanderbilt and the Jacob K. Javits Convention Center Expansion. Operationally, DBM Global maintains a presence in seven countries (United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom) and targets enterprise general contractors and project developers through direct sales relationships. Revenue is generated on a project-based contract model, with services priced per-project based on scope, complexity, and steel volume rather than through published pricing.

DBM Global is an operating subsidiary of INNOVATE Corp. (formerly HC2 Holdings), which is the largest stockholder and provides capital structure support, including a $220 million senior secured credit facility due 2030. The company paid combined cash dividends of approximately $11.8 million in late 2025 and early 2026. As of Q4 2025, the infrastructure segment anchored by DBM Global reported a backlog of $1.8 billion, and parent INNOVATE Corp. consolidated revenue of $382.7M (Q4 2025), reflecting 61.7% YoY growth, though DBM Global itself posted a narrowed net loss of $7.8M for the quarter. In Q3 2025, parent INNOVATE Corp. initiated a strategic process for its DBM Global holdings citing unmet milestones, introducing potential ownership change risk. The company's GTM is enterprise field sales targeting mega-project general contractors, with brand recognition on landmark builds serving as the primary intangible asset.

DBM Global firmographics

Firmographics
Name
DBM Global
Legal name
DBM Global Inc.
Website
https://dbmglobal.com
Company type
Public
Founded year
1984
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
DBM Global Inc. is a publicly traded (NYSE: DBMG) integrated steel construction services provider delivering design, fabrication, and erection for large-scale commercial and infrastructure projects through a portfolio of subsidiaries across seven countries, serving enterprise general contractors and developers.
Ownership category
akta.pro rank

DBM Global industry classification

Industry
Product category
Structural Steel Fabrication & Construction Services
NAICS
Structural Steel and Precast Concrete Contractors (238120), Nonresidential Building Construction (2362), Fabricated Structural Metal Manufacturing (332312)
SIC
General Bldg Contractors - Nonresidential Bldgs (1540), Construction - Special Trade Contractors (1700)
akta.pro primary industry
Commercial General Contracting (New Build) (IMAFAAAA)
akta.pro secondary industry
Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

  • Structural steel fabrication
  • Steel construction services
  • Steel erection services
  • Commercial steel fabrication
  • Industrial steel manufacturing

Where DBM Global is headquartered

Location

Headquarters

HQ city
Phoenix
HQ country
United States
HQ region
North America

Offices2 records

Markets served

DBM Global business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

  1. Steel Construction Services: DBM Global generates revenue through providing fully integrated steel construction services including design, fabrication, and erection for major infrastructure and construction projects. Revenue is project-based and derived from contracts with general contractors and developers for landmark construction projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

DBM Global product offering

Product offering

Core offering

DBM Global provides fully integrated steel construction services—including design, fabrication, erection, and asset management—for major commercial, industrial, and infrastructure construction projects. The company operates through a portfolio of specialized wholly-owned subsidiaries (Schuff Steel, Banker Steel, DBM Vircon, GrayWolf, Milco National Constructors, and Aitken Manufacturing) delivering coordinated steel construction solutions to general contractors and project developers across seven countries.

Product overview

DBM Global is a portfolio company of INNOVATE Corp. that provides fully integrated steel construction services through a collection of subsidiary companies. The company operates as a platform-plus-subsidiaries model, with the parent DBM Global entity coordinating a portfolio that includes Schuff Steel Company, Banker Steel, DBM Vircon, GrayWolf Integrated Construction Company, Milco National Constructors, and Aitken Manufacturing. These subsidiaries collectively deliver better designs, more efficient construction, and superior asset management solutions across multiple countries including the United States, Australia, Canada, India, New Zealand, the Philippines, and the United Kingdom.

Differentiator

Problem solved

Functional benefit

Products and services

  • Schuff Steel Company A portfolio company of DBM Global providing structural steel fabrication and erection services for commercial and industrial construction projects.
  • Banker Steel A portfolio company of DBM Global providing structural steel services, with a track record on major projects including One Vanderbilt and the Jacob K. Javits Convention Center Expansion.
  • DBM Vircon A portfolio company of DBM Global providing fully integrated steel construction services with technology-enabled design and project management solutions.
  • GrayWolf Integrated Construction Company A portfolio company of DBM Global providing integrated construction services with a focus on collaborative project delivery methodologies.
  • Milco National Constructors A portfolio company of DBM Global providing national steel construction and erection services for industrial and commercial applications.
  • Aitken Manufacturing A portfolio company of DBM Global providing specialized steel manufacturing and fabrication services for industrial applications.

Companies that use DBM Global

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles1 record

DBM Global technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

DBM Global partnerships and signals

Strategic signal

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

DBM Global competitors and assessment

Company assessment

Broad incumbents

  • Steel Dynamics, Inc. Steel Dynamics is a major U.S. steel producer with structural steel products used in commercial and infrastructure construction. As an upstream steel supplier, it competes with Nucor and provides plate/section products that DBM and its fabricator peers purchase, making it a comparable incumbent in the structural steel value chain.
  • Nucor Corporation: Nucor is the largest U.S. steel producer and a major supplier of structural steel beams, columns, and plate products. While Nucor is primarily a steel manufacturer (upstream from DBM), it competes for share-of-wallet with structural steel fabricators and serves overlapping commercial construction end-markets.
  • MasTec, Inc. MasTec is a large infrastructure construction services company serving utilities, communications, oil & gas, and clean energy end-markets. While broader than DBM's commercial real estate focus, MasTec competes for the same pool of large-scale structural and infrastructure project opportunities and uses similar integrated project delivery models.
  • AECOM: AECOM is a global infrastructure consulting and engineering services firm providing design, construction management, and program management for major buildings and infrastructure. Comparable as a large-scale integrated design-build-services platform serving the same landmark-project customer base that DBM's Banker Steel subsidiary targets.

Regional players

  • Quanta Services, Inc. Quanta Services is the largest specialty contractor in North America, providing infrastructure solutions for electric, gas, telecom, and renewable energy markets. While more focused on utility infrastructure than commercial real estate, Quanta competes for skilled trades and structural steel erection contracts and operates at similar scale to DBM.

Direct peers

  • Sterling Infrastructure, Inc. Sterling Infrastructure provides specialty contracting services for transportation, building, and infrastructure projects through its subsidiaries. Comparable to DBM's integrated construction service model, particularly GrayWolf and Milco, with similar exposure to commercial and infrastructure construction cycles.
  • Commercial Metals Company: CMC is a vertically integrated steel manufacturer and rebar fabricator serving commercial construction and infrastructure markets. DBM Global is comparable as both companies supply steel-intensive products (rebar, structural steel) to commercial and infrastructure construction end-markets, with overlapping customer bases of general contractors and developers.
  • Granite Construction Incorporated: Granite Construction is a major U.S. infrastructure and commercial construction contractor delivering highways, bridges, buildings, and specialty structures. Granite is comparable to DBM's GrayWolf and Milco subsidiaries as both operate as general/specialty contractors in commercial and infrastructure construction.
  • Arcosa, Inc. Arcosa provides infrastructure-related products including structural steel fabrication, towers, and construction services to transportation, construction, and energy markets. Like DBM Global, Arcosa operates in fabricated structural products serving commercial and infrastructure construction, making it a direct peer on the fabrication side.

Others

  • KBR, Inc. KBR provides engineering, procurement, construction, and technology services for infrastructure, defense, and government clients globally. Comparable to DBM Vircon's design and engineering capabilities and represents an adjacent services-platform peer in the broader engineering and construction services ecosystem.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

DBM Global social profiles

Digital presence

DBM Global compliance and trust

Trust signal

Compliance2 records

DBM Global financial estimates

Financial estimate

Revenue estimate

Valuation estimate

DBM Global leadership team

Management profile

Number of profiles

Profiles9 records

DBM Global subsidiaries and ownership

Company hierarchy

Subsidiaries13 records

DBM Global funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

DBM Global M&A and investment

M&A and investment

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DBM Global

What does DBM Global do?

DBM Global provides fully integrated steel construction services—including design, fabrication, erection, and asset management—for major commercial, industrial, and infrastructure construction projects. The company operates through a portfolio of specialized wholly-owned subsidiaries (Schuff Steel, Banker Steel, DBM Vircon, GrayWolf, Milco National Constructors, and Aitken Manufacturing) delivering coordinated steel construction solutions to general contractors and project developers across seven countries.

Is DBM Global a public or private company?

DBM Global is a public company. It is classified as public and is currently operating.

When was DBM Global founded?

DBM Global was founded in 1984. It employs 1,001 to 5,000 people.

Where is DBM Global based?

DBM Global is headquartered in Phoenix, United States, in the North America region.

How does DBM Global make money?

One revenue line is on record: steel Construction Services.

Who are DBM Global's main competitors?

Broad incumbents on record are Steel Dynamics, Inc., Nucor Corporation, MasTec, Inc. and AECOM. Quanta Services, Inc. is listed as a regional player. Direct peers are Sterling Infrastructure, Inc., Commercial Metals Company, Granite Construction Incorporated and Arcosa, Inc.. KBR, Inc. is listed as an others.

Does DBM Global have an API?

No public API is recorded for DBM Global.

What industry is DBM Global in?

DBM Global's product category is Structural Steel Fabrication & Construction Services. Its primary akta.pro industry code is IMAFAAAA, Commercial General Contracting (New Build), with a secondary code of IMADACAD, Steel Plate, Sections & Welded Assemblies. Its NAICS code is 238120 and its SIC code is 1540.

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Live signals
Insider Trading & Hedge Fund DataEMCOR vs. IES Holdings: Does a $691 Million Deal Change the Better Buy?EMCOR and IES Holdings are compared on data-center construction earnings, with EMCOR trading at a lower multiple. EMCOR reported Q2 revenue of $5.15B up 19.8% and earnings of $9.06 per share up 34.8%, while IES completed its $691M DBM Global acquisition. The author prefers EMCOR for current execution without assuming a successful integration.Stock TitanINNOVATE closes DBM Global sale, receives ~$413M cashINNOVATE completed the sale of DBM Global to IES Holdings, receiving approximately $413 million in cash and 430,974 IES shares. The cash proceeds will be used to reduce INNOVATE's outstanding debt, while the stock consideration is subject to a 60-day lock-up.The Motley FoolIES's 2026 Outlook: Data Center Infrastructure Drives Growth as Market Capacity ScalesIES Holdings received an 81 Superscore, ranking in the top 9% of companies, driven by data center infrastructure demand. Its Communications segment revenue surged 51% year-over-year in Q3 fiscal 2026, and gross margins expanded to 25% in fiscal 2025. The company plans to acquire DBM Global, adding a structural steel fabrication segment.YahooCould IES Holdings (IESC) Win Big While INNOVATE (VATE) Bets its Future on Debt Reduction?IES Holdings announced on August 10 a definitive agreement to acquire DBM Global from INNOVATE Corp. for about $650 million in cash and stock, totaling $685 million including minority interest buyouts and tax election payments. IES reported fiscal Q3 2026 revenue up 40% to $1.24 billion and net income up 98% to $153 million, while INNOVATE's Q2 net income of $10.4 million relied heavily on DBM Global.Insider Trading & Hedge Fund DataCould IES Holdings (IESC) Win Big While INNOVATE (VATE) Bets its Future on Debt Reduction?IES Holdings announced on August 10 a definitive agreement to acquire DBM Global from INNOVATE Corp. for about $650 million in cash and stock, totaling $685 million including minority interest buyouts and tax election payments. IES reported fiscal Q3 2026 revenue up 40% to $1.24 billion and net income up 98% to $153 million, while INNOVATE's Q2 net income of $10.4 million relied heavily on DBM Global.YahooJim Cramer on IES Holdings (IESC): “I Think You’ve Got a Good One”On the August 26 Mad Money episode, Jim Cramer defended IES Holdings, Inc. (NASDAQ:IESC) against sector-wide slowdowns, calling it a buy and praising CEO Jeffrey Gendell. The company, a data center contractor, has delivered strong margins and high-value contracts, though it faces integration risk from its $650 million DBM Global acquisition, labor constraints and elevated borrowing costs.Insider Trading & Hedge Fund DataJim Cramer on IES Holdings (IESC): “I Think You’ve Got a Good One”On the August 26 Mad Money episode, Jim Cramer defended IES Holdings, Inc. (NASDAQ:IESC) against sector-wide data center slowdown concerns, calling it a buy and praising CEO Jeffrey Gendell. The company's communications segment serves data center construction and fiber cabling, while a planned $650 million DBM Global acquisition, labor constraints and elevated borrowing costs pose risks. Short interest sits at 9.93% of float.Ticker ReportIES Sees Data Center Boom, Plans $650M DBM Global AcquisitionIES Holdings reported fiscal 2025 revenue of $3.4 billion, operating income of $384 million and adjusted EPS of $13.66, with nine-month operating income up 39% to $389 million. CEO Matt Simmes said data center demand, driven by AI and cloud, now accounts for most growth, while residential revenue fell to 39%. The company agreed to buy DBM Global for about $650 million, expected to close near Dec. 31, 2026.NortonrosefulbrightNorton Rose Fulbright advises IES Holdings on US$650 million acquisition of DBM GlobalIES Holdings has agreed to acquire DBM Global from INNOVATE Corp. in a transaction valued at approximately US$650 million, with Norton Rose Fulbright advising IES on the deal. The acquisition is expected to close in the fourth quarter of 2026 and aims to expand IES's structural fabrication capabilities across key commercial and industrial markets.Investing.comIES Holdings to acquire DBM Global for $650 million By Investing.comIES Holdings Inc. announced its plan to acquire DBM Global Inc. from INNOVATE Corp. for approximately $650 million. The transaction will be financed through a combination of cash and stock, with DBM Global operating as a new structural business segment for IES.