Integrated Electrical Services
Electric company
From Wikipedia, the free encyclopedia
IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc.,[2] 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.
| |
| Company type | Public |
|---|---|
| Nasdaq: IESC | |
| Industry | Construction & Engineering |
| Founded | 1997 |
| Headquarters | Houston, Texas |
Key people | Jeffrey Gendell (Chairman) Tracy McLauchlin (CFO) |
| Revenue |  US$2.4 billion (2023)[1] |
Number of employees | 8,000+ |
| Website | www |
IES is headquartered in Houston, Texas and has 125+ locations with 8,000+ employees[3] across the continental United States.
History
June 26, 1997 incorporates as Integrated Electrical Services Incorporated.[4]
January 27, 1998, Integrated Electrical Services began trading with the symbol (IEE) on the New York Stock Exchange.[5]
In 2002 Integrated Electrical Services was ranked as the largest electrical contractor in the United States, with $1.475 billion in revenue.[6]
In February 2006, Integrated Electrical Services filed for chapter 11 bankruptcy[7] and in the same year, three months later, emerged.[8]
February 28, 2011 Integrated Electrical Services sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc.[9]
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".[10]
Founding companies
- Houston-Stafford Electric
- Mills Electrical Contractors Inc.
- BW Consolidated Inc.[11]
- 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 Segments
- 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[12]
- Menninga Electric, Pella, Iowa, November 20, 2015[13]
- Shanahan Mechanical and Electrical, Inc., November 20, 2015[14]
- Technibus, Inc., Canton, Ohio, 2016 $45 million cash[15]
- NEXT Electric, LLC, July 14, 2017, 80% interests[16]
- Azimuth Communications, Inc., Portland, Oregon, April 06, 2018[17]
- Electrical Contractors North, Inc., Salt Lake City, Utah, July 31, 2018 [18]
- 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.[19][20]
- Edmonson Electric, May 18, 2021, "80% interest".[21]