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News & Insights

Jones Walker Advises Gulf Island Fabrication, Inc. on its Acquisition by IES Holdings, Inc.

Firm News

January 20, 2026
|
New Orleans

Jones Walker represented Gulf Island Fabrication, Inc. (Nasdaq: GIFI) in its acquisition by IES Holdings, Inc. (Nasdaq: IESC), which closed on January 16, 2026. Gulf Island Fabrications is delisting from the Nasdaq Stock Market and deregistering with the US Securities and Exchange Commission. Consideration for the acquisition includes $12.00 per share in cash for each outstanding share of Gulf Island’s common stock, representing an aggregate equity value of approximately $192 million. The transaction was led by partners Curt Hearn, Alex Layfield and Thomas Kimball with associate Tyler Hays, alongside critical contributions from partners Kelly Simoneaux, Mark Cunningham, Ben Woodruff, Tim Brechtel, Trevor Wilson, Sid Lewis, Remy Donnelly, Etienne Balart, and Alex Breckinridge; and associates John Zimmer, Holland Aucoin, Olivia Wolf, Blaine Jacob and Michael Stewart. Read more in Gulf Island’s current report on Form 8-K, filed with the SEC on January 16, 2026.

Related Professionals
  • Holland Crain Aucoin
  • L. Etienne Balart
  • Timothy P. Brechtel
  • Alexander N. Breckinridge, V
  • Mark A. Cunningham
  • Remy James Donnelly
  • Tyler Hays
  • Curtis R. Hearn
  • Blaine G. Jacob
  • Thomas D. Kimball
  • Alexandra Clark Layfield
  • Sidney F. Lewis, V
  • Kelly C. Simoneaux
  • Michael Stewart
  • B. Trevor Wilson
  • Olivia G. Wolf
  • Benjamin Paul Woodruff
  • John W. Zimmer, III

Related Practices

  • Corporate
  • Mergers & Acquisitions
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