GULF ISLAND FABRICATION INC: M&A transaction — Gulf Island Fabrication acquired by IES Holdings for $12.00 per share; stock to be delisted

GULF ISLAND FABRICATION INC

Merger completed on Jan 16, 2026; GIFI shareholders receive $12.00 cash per share.
Company becomes indirect wholly owned subsidiary of IES Holdings.
All directors of GIFI ceased; replaced by IES executives Matthew Simmes and Tracy McLauchlin.
GIFI's $17.8M secured note with Zurich paid off and terminated.
Common stock will be delisted from NASDAQ; deregistration planned.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GULF ISLAND FABRICATION INC: Merger resulting in cancellation of common shares and termination of shareholder rights.

Exact text from the filing

each share of Common Stock that was issued and outstanding immediately prior to the Effective Time (other than Excluded Shares) was converted into the right to receive the Per Share Merger Consideration

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GULF ISLAND FABRICATION INC underwent a change of control involving IES Holdings, Inc. for $12.00 per share (closed 2026-01-16).

Action: change of control
Counterparty: IES Holdings, Inc.
Consideration: $12.00 per share
Closing: 2026-01-16

Exact text from the filing

announced Agreement and Plan of Merger, dated November 7, 2025 (the “Merger Agreement”), by and among IES Holdings, Inc. (“IES”), a Delaware corporation, IES Merger Sub, LLC, a Louisiana limited liability company and an indirect wholly owned

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Source: SEC EDGAR

accession 0001140361-26-001488

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