IES Holdings Acquires Arrow Engine Company
IES Holdings (NASDAQ: IESC) has acquired Arrow Engine Company from TriMas Arrow, based in Tulsa, Oklahoma, specializes in engines, generator sets, compressors, and replacement parts primarily for the natural gas production market. The acquisition includes Arrow's 130,000-square-foot manufacturing facility in Tulsa.
Arrow, with projected 2024 revenue of $20 million, will be integrated into IES's Infrastructure Solutions segment while maintaining its brand name. The acquisition strategically expands IES's power services into oil and gas markets, with plans for substantial investments to expand Arrow's product line and drive growth.
The combined operation will utilize over 1.5 million square feet of manufacturing and fabrication space across facilities in Ohio, Oklahoma, and Pennsylvania.
IES Holdings (NASDAQ: IESC) ha acquisito Arrow Engine Company da TriMas. Arrow, con sede a Tulsa, Oklahoma, si specializza in motori, gruppi elettrogeni, compressori e parti di ricambio principalmente per il mercato della produzione di gas naturale. L'acquisizione include l'impianto di produzione di Arrow di 130.000 piedi quadrati a Tulsa.
Arrow, con un fatturato previsto per il 2024 di 20 milioni di dollari, sarà integrata nel segmento Soluzioni per le Infrastrutture di IES mantenendo il proprio marchio. L'acquisizione amplia strategicamente i servizi energetici di IES nei mercati petrolifero e del gas, con piani per investimenti significativi per espandere la linea di prodotti di Arrow e stimolare la crescita.
L'operazione combinata utilizzerà oltre 1,5 milioni di piedi quadrati di spazio per la produzione e la fabbricazione in strutture situate in Ohio, Oklahoma e Pennsylvania.
IES Holdings (NASDAQ: IESC) ha adquirido Arrow Engine Company de TriMas. Arrow, con sede en Tulsa, Oklahoma, se especializa en motores, generadores, compresores y piezas de repuesto, principalmente para el mercado de producción de gas natural. La adquisición incluye la instalación de fabricación de Arrow de 130,000 pies cuadrados en Tulsa.
Arrow, con un ingreso proyectado de 20 millones de dólares para 2024, se integrará en el segmento de Soluciones de Infraestructura de IES, manteniendo su nombre de marca. La adquisición expande estratégicamente los servicios de energía de IES hacia los mercados de petróleo y gas, con planes para inversiones sustanciales para ampliar la línea de productos de Arrow y fomentar el crecimiento.
La operación combinada utilizará más de 1.5 millones de pies cuadrados de espacio de fabricación y fabricación en instalaciones ubicadas en Ohio, Oklahoma y Pennsylvania.
IES Holdings (NASDAQ: IESC)가 TriMas로부터 Arrow Engine Company를 인수했습니다. 오클라호마주 털사에 본사를 두고 있는 Arrow는 주로 천연가스 생산 시장을 위한 엔진, 발전기 세트, 압축기 및 교체 부품을 전문으로 합니다. 이번 인수에는 털사에 위치한 Arrow의 130,000평방피트의 제조 시설이 포함됩니다.
2024년 수익이 2천만 달러로 예상되는 Arrow는 IES의 인프라 솔루션 부문에 통합되지만 브랜드 이름은 유지됩니다. 이 인수는 IES의 전력 서비스가 석유 및 가스 시장으로 전략적으로 확장되도록 하며, Arrow의 제품 라인을 확장하고 성장을 촉진하기 위한 상당한 투자 계획이 마련되어 있습니다.
결합된 운영은 오하이오, 오클라호마, 펜실베이니아에 있는 시설에서 150만 평방피트 이상의 제조 및 가공 공간을 사용할 것입니다.
IES Holdings (NASDAQ: IESC) a acquis une entreprise de moteurs Arrow de TriMas. Arrow, basé à Tulsa, Oklahoma, se spécialise dans les moteurs, les groupes électrogènes, les compresseurs et les pièces de rechange principalement pour le marché de production de gaz naturel. L'acquisition comprend l'usine de fabrication d'Arrow de 130 000 pieds carrés à Tulsa.
Arrow, avec un chiffre d'affaires prévu de 20 millions de dollars en 2024, sera intégrée dans le segment des Solutions Infrastructures d'IES tout en maintenant son nom de marque. L'acquisition élargit stratégiquement les services énergétiques d'IES dans les marchés pétroliers et gaziers, avec des plans d'investissements substantiels pour élargir la gamme de produits d'Arrow et stimuler la croissance.
Les opérations combinées utiliseront plus de 1,5 million de pieds carrés d'espace de fabrication et de fabrication dans des installations situées dans l'Ohio, l'Oklahoma et la Pennsylvanie.
IES Holdings (NASDAQ: IESC) hat die Arrow Engine Company von TriMas übernommen. Arrow, mit Sitz in Tulsa, Oklahoma, ist auf Motoren, Generatoren, Kompressoren und Ersatzteile spezialisiert, hauptsächlich für den Markt der Erdgasproduktion. Die Übernahme umfasst die 130.000 Quadratfuß große Produktionsstätte von Arrow in Tulsa.
Arrow wird mit einem voraussichtlichen Umsatz von 20 Millionen US-Dollar im Jahr 2024 in den Infrastruktur-Lösungsbereich von IES integriert, während der Markenname erhalten bleibt. Der Erwerb erweitert strategisch die Dienstleistungen von IES im Bereich Energie auf die Öl- und Gasmärkte und plant umfangreiche Investitionen zur Erweiterung der Produktpalette von Arrow und zur Förderung des Wachstums.
Die kombinierte Operation wird über 1,5 Millionen Quadratfuß an Produktions- und Fertigungsfläche in Einrichtungen in Ohio, Oklahoma und Pennsylvania verfügen.
- Strategic expansion into oil and gas markets
- Acquisition adds $20M in annual revenue
- Includes 130,000 sq ft manufacturing facility
- Plans for substantial product line expansion
- Integration with existing infrastructure creating 1.5M sq ft total manufacturing space
- None.
Insights
This strategic acquisition marks a calculated expansion by IES Holdings into the lucrative natural gas production market. The addition of Arrow Engine Company, with its
The deal's value proposition centers on three key elements:
- Market Expansion: Entry into oil and gas markets provides revenue diversification and exposure to the growing natural gas sector
- Manufacturing Capacity: The 130,000 sq ft Tulsa facility strengthens IES's manufacturing footprint, bringing total capacity to 1.5 million sq ft
- Technical Expertise: Arrow's specialized knowledge in stationary engines and gas compression solutions adds valuable intellectual property and engineering capabilities
The timing appears opportune, as natural gas infrastructure development continues to expand. IES's commitment to substantial investments in Arrow's product line development suggests confidence in long-term growth prospects. The retention of the Arrow brand name indicates recognition of its market value and customer relationships.
While integration risks exist, the complementary nature of Arrow's operations with IES's Infrastructure Solutions segment suggests potential for significant operational synergies, particularly in engineering and fabrication resources. The expanded manufacturing footprint across multiple states also provides operational flexibility and proximity to key markets.
The integration of Arrow's manufacturing facility represents a strategic enhancement of IES's production capabilities. The Tulsa facility's specialization in engines, generator sets and compressors complements IES's existing manufacturing operations, creating a comprehensive manufacturing network spanning Ohio, Oklahoma and Pennsylvania.
The technical synergies are particularly noteworthy:
- Arrow's expertise in natural gas engines and compression systems fills a important gap in IES's product portfolio
- The combined engineering resources create opportunities for product innovation and customization
- The geographical distribution of manufacturing facilities optimizes supply chain efficiency and customer service capabilities
IES's stated intention to invest in Arrow's product line expansion suggests a forward-looking strategy to capitalize on emerging market opportunities. The retention of Arrow's brand and operational independence, while leveraging IES's resources, indicates a balanced approach to integration that preserves Arrow's technical expertise while enabling growth through IES's broader market reach and financial capabilities.
HOUSTON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (“IES”) (NASDAQ: IESC) announced that it has acquired Arrow Engine Company (“Arrow”), a Tulsa, Oklahoma-based provider of engines, generator sets, compressors, and replacement parts primarily for the natural gas production market, from TriMas Corporation. The acquisition includes Arrow’s owned manufacturing facility in Tulsa, which consists of 130,000 square feet of manufacturing space. Arrow, with estimated calendar year 2024 revenue of
Jeff Gendell, Chairman and Chief Executive Officer, said, “The acquisition of Arrow strategically adds to our product offerings and expands our power services into the oil and gas markets. IES plans to make substantial investments to expand Arrow’s product line and drive long-term growth in both existing and new markets. We are thrilled to welcome Arrow to the IES family.”
Mike Rice, President of IES’s Infrastructure Solutions segment, added, “Arrow brings to IES a strong brand reputation, legacy of innovation, and expertise in stationary engines and gas compression solutions. We are excited to partner with the Arrow team to leverage our combined sales, engineering, and fabrication resources to grow our business and deliver expanded capabilities to our customers. Combined with our existing facilities in Ohio, Oklahoma and Pennsylvania, we have over 1.5 million square feet of manufacturing and fabrication space to meet the evolving needs of our customers.”
ABOUT IES HOLDINGS, Inc.
IES 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. Our more than 9,000 employees serve clients in the United States. For more information about IES, please visit www.ies-co.com.
ABOUT IES Infrastructure Solutions
IES’s Infrastructure Solutions segment is a provider of electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products, such as generator enclosures and bus duct, used in data centers and other industrial applications. For more information about IES Infrastructure Solutions, please visit https://iesinfrastructure.com.
ABOUT ARROW ENGINE COMPANY
Arrow, established in 1955, is a leading provider of engines, generator sets, compressors, and replacement parts to a variety of oilfield and industrial markets. For more information about Arrow please visit www.arrowengine.com.
Contact: Jeffrey Gendell, CEO
IES Holdings, Inc.
713-860-1500
FAQ
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