Gulf Island Fabrication

Based in Houston, Texas, Gulf Island Fabrication (GIF) was founded by Alden “Doc” Laborde, a World War II Navy commander who later worked the offshore oil and gas industry. In 1985, it took over a bankrupt rival named Delta Fabrication.

In 1997, when it went public, the firm offered 2,000,000 shares, totaling an offering of US$30 million.^[3] By diversifying its revenue streams to include shipbuilding, it expanded by acquiring the LeeVac Shipyards in 2016,^[4] generating approximately $112 million incremental contract backlog during the industry crisis.^[5]

On January 16, 2026, IES Holdings announced the completion of its acquisition of GIF.^[6]

• A Mighty Wind Tries to Lift Rig Builders Past Oil’s Downturn
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• Gulf Island Fabrication bracing for layoffs at Texas subsidiary, newspaper reports
• Should You Worry About The Future Of Gulf Island Fabrication, Inc. (NASDAQ: GIFI)?
• Gulf Island Fabrication, Inc. Reports Second Quarter Earnings Archived 2016-10-05 at the Wayback Machine
• Gulf Island, Carbo warn of possible layoffs affecting nearly 300 workers
• My Thesis on Gulf Island Fabrication Archived 2016-10-05 at the Wayback Machine
• Gulf Island Fabrication Is A (Blunt) Falling Knife
• Gulf Island Fabrication wins foundation work for first U.S. offshore wind farm
• Gulf Island Fabrication CEO sees boom potential in Gulf of Mexico shallow water

• Official site