IES Holdings Inc. (IES) has acquired Arrow Engine Company (Arrow), a provider of engines, generator sets, compressors, and replacement parts primarily for the natural gas production market. The acquisition includes Arrow’s 130,000 sq.ft. (12,077 m2) manufacturing facility in Tulsa, Oklahoma. Arrow will become part of IES’s infrastructure solutions segment and continue to operate under the Arrow name.
“The acquisition of Arrow strategically adds to our product offerings and expands our power services into the oil and gas markets,” said Jeff Gendell, chairman and chief executive officer. “IES plans to make substantial investments to expand Arrow’s product line and drive long-term growth in both existing and new markets. We are thrilled to welcome Arrow to the IES family.”
“Arrow brings to IES a strong brand reputation, legacy of innovation, and expertise in stationary engines and gas compression solutions,” added Mike Rice, president of IES’s infrastructure solutions segment. “We are excited to partner with the Arrow team to leverage our combined sales, engineering, and fabrication resources to grow our business and deliver expanded capabilities to our customers. Combined with our existing facilities in Ohio, Oklahoma, and Pennsylvania, we have over 1.5 million sq.ft. (139,355 m2) of manufacturing and fabrication space to meet the evolving needs of our customers.”
IES designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, commercial and industrial facilities, and more. Serving US markets with more than 9000 employees, IES operates through four business segments: Commercial & Industrial, Communications, Infrastructure, and Residential.
