IES Holdings (IESC) Acquires Greiner Industries

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Go back to IES Holdings (IESC) Acquires Greiner Industries

IES Holdings Acquires Greiner Industries

April 1, 2024 8:30 AM EDT

HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (IES) (NASDAQ: IESC) announced today that it has acquired Greiner Industries, Inc. (Greiner), a Mount Joy, PA-based structural steel fabrication and services company. The acquisition also includes the purchase of Greiners facilities, which cover 450,000-square feet of manufacturing space on a 60-acre campus. Greiner, with 2023 revenue of approximately $58 million, will become part of IESs Infrastructure Solutions segment and continue to operate under the Greiner name.

Jeff Gendell, Chairman and Chief Executive Officer, said, The acquisition of Greiner strategically expands our geographic footprint... More