09:10 AM EST, 01/31/2025 (MT Newswires) -- IES Holdings ( IESC ) has completed its acquisition of Arrow Engine, a provider of natural gas-powered engines, from TriMas ( TRS ) , the companies said in separate statements Friday.

The companies said Arrow, which is estimated to have full-year 2024 revenue of $20 million, will retain its name and join IES' Infrastructure Solutions segment.

TriMas ( TRS ) said in its statement it is exiting its direct presence in the oil and gas market sector with the sale of Arrow Engine.

IESC and TRS shares were up 3.1% and 0.5%, respectively in recent premarket activity.