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Filed Pursuant to Rule 424(b)(3)
Registration Number 333-50031
PROSPECTUS SUPPLEMENT DATED AUGUST 20, 1998 TO PROSPECTUS DATED APRIL 20, 1998
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On June 30, 1998, Integrated Electrical Services, Inc. (the "Company")
consummated the acquisition of all of the issued and outstanding capital stock
of Mark Henderson, Incorporated, Holland Electrical Systems, Inc., and
Spectrol, Inc. (collectively, the "Businesses Acquired"). The Businesses
Acquired perform electrical contracting in Atlanta, Georgia, with additional
operations in North Carolina. The consideration paid by the Company for the
Businesses Acquired was determined through negotiations between representatives
of the Company and the Businesses Acquired and consisted of an aggregate of
684,211 shares of common stock of the Company and approximately $10.2 million
in cash. The cash portion of the consideration paid for the Businesses Acquired
was funded through borrowings under the Company's existing line of credit
facility. The Company intends to continue using the assets of the Businesses
Acquired in the electrical contracting business.
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