Norton Rose Fulbright advises IES in acquisition of Gulf Island Fabrication

Global law firm Norton Rose Fulbright advised IES Holdings, Inc. (IES) in its acquisition of Gulf Island Fabrication, a leading steel fabricator and service provider to industrial, energy and government sectors, for US$12.00 per share in cash, representing an aggregate equity value of approximately US$192 million. The deal was signed on Friday, November 7, 2025.

The acquisition, which is expected to close by the end of March 2026, allows IES to strategically expand its capabilities in delivering complex steel structures and specialty services, supporting growth in the data center market and the building and rebuilding of US infrastructure.

IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing and commercial and industrial facilities.

Norton Rose Fulbright's deal team was led by Brian Fenske and Thomas Verity and included, Juan Felipe Velasquez, Jenelle Tubergen and Danielle Bodunrin (Houston).