Norton Rose Fulbright advises IES Holdings on US$650 million acquisition of DBM Global

Global law firm Norton Rose Fulbright advised electrical, technology and infrastructure services provider IES Holdings, Inc. in its agreement to acquire DBM Global Inc., a structural steel fabrication company, in a deal valued at approximately US$650 million. The transaction is expected to close in the fourth quarter of 2026.

IES is acquiring DBM Global from INNOVATE Corp., expanding its platform with a leading and complementary structural fabrication and erection business that provides construction services across the commercial, industrial, data center, stadium and infrastructure markets.

"This transaction represents a significant step in IES's long-term growth strategy," said Brian Fenske, who led Norton Rose Fulbright's team. "By adding one of the leading independent structural steel platforms in the United States, IES is enhancing its capabilities across key markets and is well positioned to capitalize on continued investment in infrastructure and industrial development."

Norton Rose Fulbright's deal team was led by Brian Fenske (Houston) and included Grant Stevens, Tashi Gonggazhaxi (Calgary), Jared Kaplan, Clay Ullrick (Chicago), Todd Schroeder, Luke McFarland, Katherine Bryles, Courtnery Floyd (Denver), Andrea Shannon, Ron Adzgery, Peter McLellan, Janet McQuaid, Juan Felipe Velasquez, Danielle Bodunrin, Maizey Mabrysmith (Houston), Andrew Davies, Shayne Ghelani (London), Matthew Seeberger (Los Angeles), Sue Ross (New York), Craig Loveless, Nicole Ann Lim (Singapore), Shamim Razavi, Fridoun Chee, Lily Xue, Coco Luo (Sydney) and Neely Agin (Washington, DC).

The firm's corporate, M&A and securities practice comprises more than 400 partners and 700 other deal lawyers handling some of the world's largest transactions. The group advises corporations and financial institutions across the full spectrum of industry matters, including public takeovers, private M&A, joint ventures, disposals, debt and equity capital markets, governance, general commercial and corporate advisory matters.