SC&H Capital Advises Greiner Industries in Sale to IES Holdings

ELLICOTT CITY, MD - April 1, 2024

SC&H Capital, a leading investment bank specializing in M&A advisory for middle-market companies, is pleased to announce that its client, Greiner Industries, Inc. (“Greiner”), has been acquired by IES Holdings (“IES”).

Founded in 1976 and headquartered in Mt. Joy, PA, Greiner is a leading structural steel fabrication and industrial services business for a wide variety of companies in the Mid-Atlantic region. The Company’s unique fabrication capabilities are driven by 450,000+ square feet of facility space, various specialized equipment, and experienced employees; making Greiner one of the only companies in the region capable of addressing certain large-scale fabrication, rolling, and forming projects. The Company’s revenue in 2023 was approximately $58 million.

“IES and Greiner’s capabilities are highly complementary of each other, and we look forward to capitalizing on a number of strategic initiatives as part of the IES family of companies,” said Frank Greiner, President and Owner. “I want to express my appreciation and gratitude for the SC&H Capital team – they worked tirelessly throughout the transaction process, and I could not be happier with the outcome.”

IES (NASDAQ: IESC) is a publicly traded company that 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.

“We are thrilled for Frank and the Greiner team,” said Greg Hogan, Managing Director at SC&H Capital. “Greiner’s unique capabilities combined with IES’ existing fabrication and electrical expertise will result in a highly successful partnership, and we look forward to their future success.”

About SC&H Capital

SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), employee stock ownership plans (ESOP), distressed M&A, capital raises, financial restructurings, and business valuations for middle-market companies nationally. SC&H Capital delivers services across numerous industries including technology, healthcare, manufacturing, consumer, business and professional services, and government contracting. We are recognized for delivering relevant market insights and tailored solutions to help owners achieve their true strategic value. To learn more, visit www.schcapital.com.

← Back to Press Releases