IES Holdings (IESC) Acquires Arrow Engine Company

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Go back to IES Holdings (IESC) Acquires Arrow Engine Company

IES Holdings Acquires Arrow Engine Company

January 31, 2025 8:45 AM EST

HOUSTON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (IES) (NASDAQ: IESC) announced that it has acquired Arrow Engine Company (Arrow), a Tulsa, Oklahoma-based provider of engines, generator sets, compressors, and replacement parts primarily for the natural gas production market, from TriMas Corporation. The acquisition includes Arrows owned manufacturing facility in Tulsa, which consists of 130,000 square feet of manufacturing space. Arrow, with estimated calendar year 2024 revenue of $20 million, will become part of IESs Infrastructure Solutions segment and continue to operate under the Arrow name.

Jeff Gendell, Chairman and Chief... More