IES Emerges From Bankruptcy

Integrated Electrical Services (IES), Houston, said it and all of its domestic subsidiaries emerged from bankruptcy after filing for protection under Chapter 11 about three months ago.

IES, one of the nation’s largest electrical contractors, said the reorganization plan calls for the exchange of $173 million of senior subordinated notes into 82 percent of the reorganized company’s stock.

"I am extremely proud that we were able to exit Chapter 11 so quickly and have emerged fro

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