Integrated Electrical Services

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

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]

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.
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