Gulf Island Fabrication, Inc.'s shareholders have approved the acquisition by IES Holdings, Inc.
The merger is set to be completed on January 16, 2026, subject to customary closing conditions
Upon completion, Gulf Island's common stock will be delisted from Nasdaq
Approval of Acquisition
Shareholders have given the green light for Gulf Island's acquisition by IES Holdings.
Delisting from Nasdaq
Gulf Island's common stock will no longer be publicly traded post-merger
- The merger with IES Holdings marks a significant shift in Gulf Island's ownership structure
- Post-merger, Gulf Island's operations and market presence are expected to undergo changes
Gulf Island Fabrication's shareholders' approval signals a new chapter for the company as it moves towards finalizing the acquisition by IES Holdings. The delisting from Nasdaq reflects this transition towards private ownership.