Integrated Electrical Services

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Integrated Electrical Services
TypePublic
Nasdaq: IESC
IndustryConstruction & Engineering
Founded1997 (1997)
HeadquartersHouston, Texas
Key people
Jeffrey Gendell (Chairman)
Gary Matthews (CEO)
Tracy McLauchlin (CFO)
Gail D. Makode (CLO)
RevenueIncrease US$1.08 billion (2019)[1]
Number of employees
5,389
WebsiteIES.com

Integrated Electrical Services, Inc. also known as IES Holdings Incorporated[2] is a roll-up type[3] publicly traded company headquartered in Houston, Texas. The company provides infrastructure services including electrical, communications, low-voltage, network, AV, and security alarm systems to the residential, industrial and commercial markets.

Integrated Electrical Services has 114 locations with 5,389 employees[4] across the continental United States and was formerly a Fortune 1000 company.

History[]

June 26, 1997 incorporates as Integrated Electrical Services Incorporated.[5]

January 27, 1998, Integrated Electrical Services began trading with the symbol (IEE) on the New York Stock Exchange.[6]

In 2002 Integrated Electrical Services was ranked as the largest electrical contractor in the United States, with $ 1.475 billion in revenue.[7]

In February 2006, Integrated Electrical Services filed for chapter 11 bankruptcy[8] and in the same year, three months later, emerged.[9]

February 28, 2011 Integrated Electrical Services sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc.[10]

In July 2020, Integrated Electrical Services was listed as number five on Houston Chronicle's "list of the region’s 100 best performing public companies".[11]

Founding companies[]

Houston-Stafford Electric

Mills Electrical Contractors Inc.

BW Consolidated Inc.[12]

Pollock Electric Inc.

Muth Electric

Daniel Electrical Contractors, Inc

Amber Electric

Haymaker Electric

Summit Electric of Texas Inc.

Thurman & O'Connell

Rodgers

Hatfield

Ace

Reynolds

Popp

Business Units[]

  • Infrastructure Solutions ~ Electro-mechanical
  • Communications ~ Technology services to corporations.
  • Residential ~ Electrical services to multi and single family type housing.
  • Industrial & Commercial ~Design, construct and maintain industrial and commercial type of operations.

Acquisitions[]

  • MISCOR Group, Ltd., March, 2013, $ 24 million[13]
  • Menninga Electric, Pella, Iowa, November 20, 2015[14]
  • Shanahan Mechanical and Electrical, Inc., November 20, 2015[15]
  • Technibus, Inc., Canton, Ohio, 2016 $45 million cash[16]
  • NEXT Electric, LLC, July 14, 2017, 80% interests[17]
  • Azimuth Communications, Inc., Portland, Oregon, April 06, 2018[18]
  • Electrical Contractors North, Inc., Salt Lake City, Utah, July 31, 2018 [19]
  • Wright Electrical Contracting Inc., Daphne, Alabama
  • H.R. Allen, Charleston, South Carolina
  • Florida Industrial Electric, Orlando, Florida
  • Cypress Electrical Contractors, New Orleans, Louisiana
  • Mark Henderson Inc., Decatur, Georgia
  • Bayonet Plumbing, Heating and Air-Conditioning, December 21, 2020, 80% interests.[20][21]
  • Edmonson Electric, May 18, 2021, "80% interest".[22]

References[]

  1. ^ "Integrated Electrical Services: Fiscal 4Q Earnings Snapshot". KFDA-TV. December 6, 2019. Retrieved December 17, 2019.
  2. ^ "Company Profile". Fidelity. Retrieved April 26, 2019.
  3. ^ Weiss, Sebastian (January 18, 1998). "Bexar/Calhoun Electric to go public via roll-up IPO". San Antonio Business Journal. Retrieved April 28, 2019.
  4. ^ "About IES Holdings Inc". U.S. News & World Report. Retrieved December 17, 2019.
  5. ^ "IES Holdings Inc (IESC.O)". Reuters. Retrieved April 28, 2019.
  6. ^ "IES Holdings, Inc. (IEE) IPO". NASDAQ. Retrieved April 28, 2019.
  7. ^ Florence-Fischbach, Amy (September 1, 2003). "The Nation's Top 50 Electrical Contracting Firms". Informa Electrical Wholesaling. Retrieved April 29, 2019.
  8. ^ Snyder, Byron (February 14, 2006). "IES files for bankruptcy protection". Houston Business Journal. Retrieved November 29, 2020.
  9. ^ "(PRN) Integrated Electrical Services Emerges From Pre-Arranged Chapter 11". Houston Chronicle (Press release). May 15, 2006. Retrieved November 29, 2020.
  10. ^ Chandler, Doug (March 1, 2011). "Elliott Electric buys Key Electric Supply from IES". Informa Electrical Marketing. Retrieved April 29, 2019.
  11. ^ Wu, Gwendolyn (July 24, 2020). "No. 5: An electrifying time to be IES Holdings". Houston Chronicle. Retrieved November 29, 2020.
  12. ^ Perin, Monica (Nov 16, 1997). "Electrical firms wired to Wall Street". Houston Business Journal. Retrieved April 28, 2019.
  13. ^ Ryan, Molly (March 14, 2013). "Integrated Electrical Services acquires Miscor Group for $24M". Houston Business Journal. Retrieved December 17, 2019.
  14. ^ "Integrated Electrical Services Acquires Shanahan Mechanical and Electrical, Inc". West Corporation (Press release). November 20, 2015. Retrieved April 29, 2019.
  15. ^ "Integrated Electrical Services Acquires Shanahan Mechanical and Electrical, Inc". West Corporation (Press release). November 20, 2015. Retrieved April 28, 2019.
  16. ^ Chandler, Doug (June 2, 2016). "IES Agrees to Buy Bus Duct Maker Technibus". Informa Electrical. Retrieved September 3, 2019.
  17. ^ "IES Holdings Acquires NEXT Electric". West Corporation (Press release). July 14, 2017. Retrieved April 28, 2019.
  18. ^ Mehta, Jignesh (April 6, 2018). "IES Holdings acquires Azimuth Communications". Seeking Alpha. Retrieved April 28, 2019.
  19. ^ "IES Holdings acquires Utah-based residential electrical contractor". Houston Chronicle. July 31, 2018. Retrieved April 29, 2019.
  20. ^ Jignesh, Mehta (December 21, 2020). "IES Holdings buys Bayonet Plumbing, Heating and Air-Conditioning". Seeking Alpha. Retrieved December 29, 2020.
  21. ^ "IES Holdings Acquires Bayonet Plumbing, Heating & Air-Conditioning". Yahoo!. December 21, 2020. Retrieved December 29, 2020.
  22. ^ Masterson, Pete (May 18, 2021). "IES Holdings Acquires Edmonson Electric To Expand Florida". Heating News Journal. Retrieved June 19, 2021.

External links[]

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