Innovate

VATE · NYSE

$5.92−$0.03 (−0.50%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $5.95

About VATE

INNOVATE Corp. is a diversified holding company, which engages in the acquisition and investment of assets. The company is headquartered in New York City, New York and currently employs 3,587 full-time employees. The company went IPO on 2011-06-23. The firm has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure (DBMG), Life Sciences (Pansend), and Spectrum. The DBMG segment consists of DBM Global Inc., which is a fully integrated construction company offering both construction and professional services primarily through its core subsidiaries. The company provides services, including design-assist, modularization, fabrication and erection of structural steel, heavy steel plate, trusses and girders, heavy equipment installation, as well as facility services for maintenance and shutdowns. Life Sciences segment consists of Pansend Life Sciences, LLC, which is focused on supporting healthcare and biotechnology product development. Spectrum segment consists of HC2 Broadcasting Holdings Inc. and its subsidiaries. The company owns and operates broadcast television stations throughout the United States.

Employees: 3,663
Headquarters: New York City, New York
Listed: Jun 23, 2011
Sector: Industrials
Industry: Construction & Engineering
Website: innovatecorp.com

Leadership

Innovate executives
Name	Title	Age
Avram Glazer	—	64
Paul Voigt	—	66
Michael Sena	—	52
Warren Gfeller	—	72
Brian Goldstein	—	64
Amy Wilkinson	—	52

Revenue by product and region

Fiscal year ended Dec 31, 2024: $1.11B total revenue

By product

Infrastructure$1.07B96.8%
Spectrum$25.70M2.3%
Life Sciences$9.80M0.9%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Innovate suppliers and customers
Company	Relationship	Country	Correlation
Entravision Communications A EVC	Supplier and customer	US	0.72
Tutor Perini TPC	Customer	US	0.66
Hochtief HOT.DE	Customer	DE	0.61
Skanska B	Customer	SE	0.59
Tekmar Group TGP.L	Supplier	GB	0.49
Intertek Group ITRK.L	Supplier	GB	0.30
Obayashi	Customer	JP	0.29
Balfour Beatty BBY.L	Customer	GB	0.20
Blackhawk Network Holdings, Inc. HAWK	Supplier	US	0.20
TV Azteca CPO	Supplier and customer	MX	0.19

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