IES Holdings, Inc. announced on December 9, 2024, its partnership in a consortium of financial investors, led by Mason Capital Management LLC, to complete the acquisition of CB&I. CB&I is a global designer and builder of storage facilities, tanks, and terminals for energy and industrial markets.
This all-cash equity transaction positions CB&I as a strong, independent company with no funded debt, aiming to capitalize on growth potential in the dynamic energy storage solutions sector. CB&I has a 135-year history, having completed over 60,000 structures globally.
IES Holdings' involvement in this consortium signifies a strategic investment in a company with a strong legacy of innovation and established industry standards. This move expands IES's reach into critical infrastructure supporting energy and industrial markets, aligning with its diversified portfolio strategy.
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