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Broadwind Announces Strategic Exit From Wind Market With Sale of Abilene Facility, Pivots to Become Pure-Play Precision Manufacturer Supporting Power Generation and Critical Infrastructure Markets; a...

CICERO, Ill., May 05, 2026 (GLOBE NEWSWIRE) -- Broadwind (Nasdaq: BWEN, or the 'Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that on April 30, 2026, the Company’s wholly-owned subsidiary, Broadwind Heavy Fabrications, Inc. ('Heavy Fabrications”) entered into a definitive agreement with IES Infrastructure, a wholly-owned subsidiary of IES Holdings, Inc. (NASDAQ: IESC), under which Heavy Fabrications has sold its production facility in Abilene, Texas (the 'Facility”), including real property, equipment, machinery and other items, to IES Infrastructure for an aggregate purchase price of up to $19.5 million in cash and non-cash consideration in the form of a below market lease, subject to certain purchase price adjustments.