{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-036976","form_type":"8-K","ticker":"IESC","cik":"0001048268","company_name":"IES Holdings, Inc.","filed_at":"2026-08-11T11:00:25+00:00","discovered_at":"2026-08-11T11:05:00.328631+00:00","generated_at":"2026-08-11T11:05:38.854987+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IES Holdings to acquire DBM Global for ~$650M, adding structural steel platform","bullets":["Deal value ~$650M base; total ~$685M incl. $35M 338(h)(10) tax payment. Consideration: ~$545M cash + 215,487 IES shares (~$140M).","DBM Global revenue ~$1.3B (12 mo to Mar 31, 2026), ~3,400 employees, brands: Schuff Steel, Banker Steel, GrayWolf, DBM Vircon, Aitken.","IES acquires INNOVATE's ~91.2% stake, then short-form merger for minority; expected close in quarter ending Dec 31, 2026, subject to HSR approval.","Will operate as new Structural segment; funded via cash on hand and expanded Wells Fargo credit facility; no financing condition.","Stock consideration locked up for 60 days; no termination fee; IES expects rapid debt repayment from cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-036976","json":"https://secwatch.observer/filing/0001493152-26-036976.json","markdown":"https://secwatch.observer/filing/0001493152-26-036976.md","text":"https://secwatch.observer/filing/0001493152-26-036976.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1048268/000149315226036976/0001493152-26-036976-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1048268/000149315226036976/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-11T11:05:38.854987+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}