IES Holdings, Inc. announced its partnership in a consortium of financial investors led by Mason Capital Management LLC, which completed the acquisition of CB&I on December 9, 2024. CB&I is a global designer and builder of storage facilities, tanks, and terminals for energy and industrial markets.
The transaction positions CB&I as a strong, independent company with no funded debt, allowing it to capitalize on market demand. IES Holdings' involvement expands its strategic reach within the broader infrastructure sector.
This partnership aligns IES Holdings with a company known for its 135-year heritage in delivering storage solutions for complex energy infrastructure projects. The collaboration aims to leverage growth potential in the dynamic energy storage solutions sector.
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