Broadwind sells Abilene, Texas facility to IES Infrastructure for up to $19.5 million

Broadwind, Inc.

Broadwind, Inc.

BWEN

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  • Broadwind agreed to sell Abilene, Texas production facility to IES Infrastructure, unit of IES Holdings, for up to USD 19.5 million in cash and non-cash consideration including a below-market lease.
  • Short-term leaseback set to run through Sept. 5, 2026 for nominal rent to support transition of existing customer orders; buyer holds option to purchase additional manufacturing equipment for USD 500,000 by lease-end.
  • Deal marks exit from wind tower manufacturing following 2025 Manitowoc divestiture; modular pressure reducing systems business retained with relocation planned by lease-end.
  • Abilene wind operations generated USD 56.3 million revenue, USD 9.7 million adjusted EBITDA in 2025, excluding PRS activity.
  • Company withdrew full-year 2026 financial guidance issued March 11, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Broadwind Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605051800PRIMZONEFULLFEED9713840) on May 05, 2026, and is solely responsible for the information contained therein.

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