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// Workers AI · dad joke modeWhy did Integrated Electrical Services go to therapy? It had a lot of wired issues.

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From Wikipedia, the free encyclopedia
IES Holdings, Inc.
TypePublic
IndustryConstruction & Engineering
Founded1997; 29 years ago (1997)
HeadquartersSugar Land, Texas, U.S.
Key people
Jeffrey Gendell (Chairman)
Tracy McLauchlin (CFO)
RevenueIncrease US$2.4 billion (2023)[1]
Number of employees
8,000+
Websiteies-co.com

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc.,[2] designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.

IES is headquartered in Houston, Texas and has 125+ locations with 8,000+ employees[3] across the continental United States.

History

[edit]

June 26, 1997 incorporates as Integrated Electrical Services Incorporated.[4]

January 27, 1998, Integrated Electrical Services began trading with the symbol (IEE) on the New York Stock Exchange.[5]

In 2002 Integrated Electrical Services was ranked as the largest electrical contractor in the United States, with $1.475 billion in revenue.[6]

In February 2006, Integrated Electrical Services filed for chapter 11 bankruptcy[7] and in the same year, three months later, emerged.[8]

February 28, 2011 Integrated Electrical Services sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc.[9]

In July 2020, Integrated Electrical Services was listed as number five on Houston Chronicle's "list of the region's 100 best performing public companies".[10]

Founding companies

[edit]
  • Houston-Stafford Electric
  • Mills Electrical Contractors Inc.
  • BW Consolidated Inc.[11]
  • Pollock Electric Inc.
  • Muth Electric
  • Daniel Electrical Contractors, Inc
  • Amber Electric
  • Haymaker Electric
  • Summit Electric of Texas Inc.
  • Thurman & O'Connell
  • Rodgers
  • Hatfield
  • Ace
  • Reynolds
  • Popp

Business Segments

[edit]
  • Infrastructure Solutions – Electro-mechanical
  • Communications – Technology services to corporations.
  • Residential – Electrical services to multi and single family type housing.
  • Industrial & Commercial – Design, construct and maintain industrial and commercial type of operations.

Acquisitions

[edit]
  • MISCOR Group, Ltd., March 2013, $24 million[12]
  • Menninga Electric, Pella, Iowa, November 20, 2015[13]
  • Shanahan Mechanical and Electrical, Inc., November 20, 2015[14]
  • Technibus, Inc., Canton, Ohio, 2016 $45 million cash[15]
  • NEXT Electric, LLC, July 14, 2017, 80% interests[16]
  • Azimuth Communications, Inc., Portland, Oregon, April 06, 2018[17]
  • Electrical Contractors North, Inc., Salt Lake City, Utah, July 31, 2018 [18]
  • Wright Electrical Contracting Inc., Daphne, Alabama
  • H.R. Allen, Charleston, South Carolina
  • Florida Industrial Electric, Orlando, Florida
  • Cypress Electrical Contractors, New Orleans, Louisiana
  • Mark Henderson Inc., Decatur, Georgia
  • Bayonet Plumbing, Heating and Air-Conditioning, December 21, 2020, 80% interests.[19][20]
  • Edmonson Electric, May 18, 2021, "80% interest".[21]

References

[edit]
  1. ↑ "Integrated Electrical Services: Fiscal 4Q Earnings Snapshot". KFDA-TV. December 6, 2019. Archived from the original on December 17, 2019. Retrieved December 17, 2019.
  2. ↑ "Company Profile". Fidelity. Retrieved April 26, 2019.
  3. ↑ "About IES Holdings Inc". U.S. News & World Report. Retrieved December 17, 2019.
  4. ↑ "IES Holdings Inc (IESC.O)". Reuters. Retrieved April 28, 2019.
  5. ↑ "IES Holdings, Inc. (IEE) IPO". NASDAQ. Retrieved April 28, 2019.
  6. ↑ Florence-Fischbach, Amy (September 1, 2003). "The Nation's Top 50 Electrical Contracting Firms". Informa Electrical Wholesaling. Retrieved April 29, 2019.
  7. ↑ Snyder, Byron (February 14, 2006). "IES files for bankruptcy protection". Houston Business Journal. Retrieved November 29, 2020.
  8. ↑ "(PRN) Integrated Electrical Services Emerges From Pre-Arranged Chapter 11". Houston Chronicle (Press release). May 15, 2006. Retrieved November 29, 2020.
  9. ↑ Chandler, Doug (March 1, 2011). "Elliott Electric buys Key Electric Supply from IES". Informa Electrical Marketing. Retrieved April 29, 2019.
  10. ↑ Wu, Gwendolyn (July 24, 2020). "No. 5: An electrifying time to be IES Holdings". Houston Chronicle. Retrieved November 29, 2020.
  11. ↑ Perin, Monica (Nov 16, 1997). "Electrical firms wired to Wall Street". Houston Business Journal. Retrieved April 28, 2019.
  12. ↑ Ryan, Molly (March 14, 2013). "Integrated Electrical Services acquires Miscor Group for $24M". Houston Business Journal. Retrieved December 17, 2019.
  13. ↑ "Integrated Electrical Services Acquires Shanahan Mechanical and Electrical, Inc". West Corporation (Press release). November 20, 2015. Retrieved April 29, 2019.
  14. ↑ "Integrated Electrical Services Acquires Shanahan Mechanical and Electrical, Inc". West Corporation (Press release). November 20, 2015. Retrieved April 28, 2019.
  15. ↑ Chandler, Doug (June 2, 2016). "IES Agrees to Buy Bus Duct Maker Technibus". Informa Electrical. Retrieved September 3, 2019.
  16. ↑ "IES Holdings Acquires NEXT Electric". West Corporation (Press release). July 14, 2017. Retrieved April 28, 2019.
  17. ↑ Mehta, Jignesh (April 6, 2018). "IES Holdings acquires Azimuth Communications". Seeking Alpha. Retrieved April 28, 2019.
  18. ↑ "IES Holdings acquires Utah-based residential electrical contractor". Houston Chronicle. July 31, 2018. Retrieved April 29, 2019.
  19. ↑ Jignesh, Mehta (December 21, 2020). "IES Holdings buys Bayonet Plumbing, Heating and Air-Conditioning". Seeking Alpha. Retrieved December 29, 2020.
  20. ↑ "IES Holdings Acquires Bayonet Plumbing, Heating & Air-Conditioning". Yahoo!. December 21, 2020. Retrieved December 29, 2020.
  21. ↑ Masterson, Pete (May 18, 2021). "IES Holdings Acquires Edmonson Electric To Expand Florida"[link removed]. Heating News Journal. Colz Electric. Archived from the original on June 24, 2021. Retrieved June 19, 2021.
[edit]
  • Official website
  • IES Communications
  • Business data for IES Holdings, Inc.:
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