Full-Time
Posted on 10/1/2025
Fabricates complex steel structures and modules
No salary listed
No H1B Sponsorship
Lafayette, LA, USA
In Person
Applicants must be currently authorized to work in the United States on a full-time basis.
Gulf Island Fabrication builds complex steel structures and modules for the industrial and energy sectors. Its process includes designing, fabricating, and assembling steel components into modular units, then on-site installation, testing, and commissioning, followed by repair and maintenance services. It differentiates itself by offering integrated, end-to-end solutions—from engineering and fabrication to field services and staffing—across facilities in The Woodlands, TX, and Houma, LA. Its goal is to be a trusted partner that delivers complete fabrication and support for large energy and industrial projects.
Company Size
201-500
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1985
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Holidays
Paid Vacation
401(k) Company Match
Earned Wage Access
IES Holdings completes acquisition of Gulf Island Fabrication. Rhea-AI summary. IES Holdings (NASDAQ: IESC) completed its acquisition of Gulf Island Fabrication effective Jan 16, 2026 at 3:15 PM CT, folding Gulf Island into IES's Infrastructure Solutions segment. The deal paid $12 per share in cash, representing an aggregate equity value of $192 million and an enterprise value of $152 million, which includes approximately $40 million of cash on Gulf Island's balance sheet. Gulf Island adds a 450,000-square-foot Houma, Louisiana fabrication and operations campus and specialty services to expand IES's capacity for generator enclosures, power distribution equipment and structural buildings. * Acquisition price of $12 per share with aggregate equity value of $192M * Adds enterprise value of $152M including $40M cash * Adds a 450,000-square-foot fabrication and operations campus in Houma, LA * Expands Infrastructure Solutions capacity for generator enclosures and power products * Broadens service offerings with Gulf Island's craft workforce and specialty services Key figures. Acquisition price per share: $12 per share Aggregate equity value: $192 million Enterprise value: $152 million +5 more Peers on argus. IESC gained 3.09% while peers were mixed: DY +1.67%, KBR, PRIM +5.39%, but ROAD... Market pulse summary. This announcement confirms the closing of IES Holdings' acquisition of Gulf Island Fabrication for $...
IES Holdings, which designs and installs electrical and technology systems, agreed to acquire steel fabricator Gulf Island Fabrication for $12 a share in cash, or $192 million in aggregate equity value.
IES Holdings (NASDAQ: IESC) will acquire Gulf Island Fabrication (NASDAQ: GIFI) for $12.00 per share, totaling approximately $192 million. The deal, approved by both boards, is expected to close by March 31, 2026, pending Gulf Island shareholder approval and regulatory clearances. The acquisition includes a 450,000 sq ft fabrication campus in Houma, LA, enhancing IES's capabilities in data centers and U.S. infrastructure. Gulf Island will not hold its Q3 2025 earnings call due to the transaction.
THE WOODLANDS, Texas, May 06, 2025 (GLOBE NEWSWIRE) -- Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced its results for the first quarter 2025. FIRST QUARTER 2025 SUMMARY Consolidated revenue of $40.3 millionConsolidated net income of $3.8 million; Consolidated EBITDA of $4.5 millionServices division operating income of $1.6 million; EBITDA of $2.1 millionFabrication division operating income of $3.8 million; EBITDA of $4.5 millionEntered into agreement in April to acquire certain assets of ENGlobal Corporation (“ENG”) relating to its automation, engineering and government services businesses See “Non-GAAP Measures” below for the Company’s definition of EBITDA and reconciliations of the relevant amounts to the most directly comparable GAAP measure. MANAGEMENT COMMENTARY “The strategic actions we have undertaken in recent years enabled us to deliver solid first quarter results, despite growing macroeconomic uncertainty,” said Richard Heo, Gulf Island’s President and Chief Executive Officer. “We benefited from our small-scale fabrication business, which offset the impact of capital spending reductions by our Services offshore customers.” “As we look to the remainder of 2025, the market outlook has become more difficult to forecast due to the macroeconomic uncertainty, including trade policies,” continued Heo. “While we are well-positioned in our fabrication business and remain optimistic regarding the long-term outlook for our end-markets, we are experiencing extended decision cycles