INNOVATE Corp.
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See all $VATE insider activity →INNOVATE Corp. (VATE) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX NEW YORK, September 2, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE” or the “Company”) announced today the successful closing of the previously a
IES Holdings (NASDAQ:IESC) agreed to acquire DBM Global from INNOVATE Corp. (NYSE:VATE) for $650M in cash and stock. IESC reported Q3 2026 revenue of $1.24B (+40% YoY) and net income of $153M (+98% YoY), while VATE's Q2 2026 revenue was $421.6M (+74% YoY) with net income of $10.4M. IESC is debt-free, while VATE plans to use proceeds to reduce debt.
IES Holdings (NASDAQ: IESC) agreed to acquire DBM Global Inc. from Innovate Corporation (NYSE: VATE) for about $650 million, including minority interests. The deal uses cash and IESC shares, with the cash funded via cash on hand and borrowings under an expanded Wells Fargo credit facility. DBM Global revenue was about $1.3 billion for the 12 months ended March 31, 2026. Closing is expected in the quarter ending Dec. 31, 2026.
Recent VATE coverage spans mergers & acquisitions, corporate actions and financial news.
The transaction reduces Innovate's exposure to broadcasting while providing $75 M equity funding and extinguishing a $105 M loan, likely improving balance‑sheet strength.
Sale removes Innovate's primary revenue source, raising concerns about future cash flow.
As the named seller, VATE faces a potential overhang from losing DBM exposure, partially offset by deal proceeds and capital allocation expectations.
VATE is a seller in the transaction, so its stock may react to expected proceeds and deal certainty rather than operating upside.
The filing signals a pending M&A transaction involving VATE, which can re-rate deal probability, consideration terms, and closing risk.
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INNOVATE Corp. (VATE) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 INNOVATE Announces Closing of the Sale of a Controlling Interest in its Broadcasting Segment to CONX NEW YORK, September 2, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE” or the “Company”) announced today the successful closing of the previously a
2 min readIES Holdings (NASDAQ:IESC) agreed to acquire DBM Global from INNOVATE Corp. (NYSE:VATE) for $650M in cash and stock. IESC reported Q3 2026 revenue of $1.24B (+40% YoY) and net income of $153M (+98% YoY), while VATE's Q2 2026 revenue was $421.6M (+74% YoY) with net income of $10.4M. IESC is debt-free, while VATE plans to use proceeds to reduce debt.
3 min readIES Holdings (NASDAQ: IESC) agreed to acquire DBM Global Inc. from Innovate Corporation (NYSE: VATE) for about $650 million, including minority interests. The deal uses cash and IESC shares, with the cash funded via cash on hand and borrowings under an expanded Wells Fargo credit facility. DBM Global revenue was about $1.3 billion for the 12 months ended March 31, 2026. Closing is expected in the quarter ending Dec. 31, 2026.
2 min readIES Holdings (IESC) agreed to acquire DBM Global from INNOVATE (VATE) for about $650 million, including minority interests, paid with cash and IES common stock. IES plans to fund the cash portion via cash on hand and borrowings under an expanded Wells Fargo credit facility. DBM Global revenue was about $1.3 billion for the 12 months ended Mar. 31, 2026. Closing is expected in the quarter ending Dec. 31, 2026.
3 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 INNOVATE Agrees to $650 Million Sale of DBM Global to IES Holdings NEW YORK, August 10, 2026 ( Globe Newswire ) – INNOVATE CORP.® (NYSE: VATE) (“INNOVATE”) announced today that it has entered into a Transaction Agreement (the “Agreement”) pursuant to which IES Holdin
3 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Results of Operations and Financial Condition. FOR IMMEDIATE RELEASE INNOVATE Corp. Announces Second Quarter 2026 Results - Infrastructure: DBM Global delivered record results in the second quarter with year-over-year revenue growth of ~ 78% - Life Sciences: MediBeacon continued targeted introduction of TGFR system at centers
6 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement Supplemental Indentures On July 31, 2026, INNOVATE Corp. (the “Company”), certain subsidiary guarantors, and U.S. Bank Trust Company, National Association, as trustee and collateral trustee, entered into two supplemental indent
6 min readINNOVATE Corp. (VATE) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. hchc-20260611 false 0001006837 TRUE 0001006837 2026-06-11 2026-06-11 0001006837 hchc:CommonStockParValue0001PerShareMember 2026-06-11 2026-06-11 0001006837 hchc:PreferredStockPurchaseRightsMember 2026-06-11 2026-06-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D
2 min readINNOVATE Corp (VATE) will hold its 2026 annual shareholder meeting virtually on June 11, 2026, where stockholders will vote on electing four directors, an advisory vote on executive compensation, an increase in shares for the Omnibus Equity Award Plan, and ratifying BDO USA, P.C. as auditor. The board recommends voting "FOR" all proposals. The company also reported 2025 business highlights, including significant revenue growth for DBM Global and key product approvals for MediBeacon.
3 min readThis article compares two small-cap conglomerate companies, INNOVATE (NYSE:VATE) and Reitar Logtech (NASDAQ:RITR), which operate in diverse sectors. It examines their business models, risk profiles, and financial metrics to help investors determine which might be a better investment. INNOVATE focuses on infrastructure, life sciences, and spectrum, while Reitar Logtech specializes in construction management, engineering design, and asset management services.
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