09:13 AM EST, 01/16/2026 (MT Newswires) -- IES Holdings ( IESC ) said Friday that it has closed its previously stated acquisition of Gulf Island Fabrication.

Gulf Island will become part of IES's Infrastructure Solutions segment after the merger goes into effect later in the day, IES said.

The closing of Gulf Island Fabrication acquisition includes all of the common stock of Gulf Island for $12 per share in cash, representing an aggregate equity value of $192 million, IES said.