Innovate Corp. VATE

What this company does

INNOVATE Corp., through its subsidiaries, provides fully integrated structural and steel construction services, supports healthcare and biotechnology product development, and operates over-the-air broadcasting stations across the United States, including Puerto Rico. As of December 31, 2025, the company had 3,587 full-time employees and 151 part-time employees across its operating businesses. Its three operating platforms, or reportable segments, as of December 31, 2025, were Infrastructure, Life Sciences and Spectrum, plus an Other segment comprising businesses that do not meet the separately reportable segment thresholds. DBM Global Inc., the Infrastructure segment, is a construction company offering construction and professional services through its core businesses, Schuff Steel Company, Banker Steel and GrayWolf Industrial, to commercial and industrial market segments. DBMG is headquartered in Phoenix, Arizona, with domestic operations in Alabama, Arizona, California, Florida, Georgia, Kansas, Kentucky, New Jersey, New York, Oregon, South Carolina, Texas, Utah, Virginia and Washington. The Life Sciences segment is made up of Pansend Life Sciences, LLC, which holds a controlling interest of 80.0% in Genovel Orthopedics, Inc., developing products to treat early osteoarthritis of the knee, and, as of December 31, 2025, a controlling interest of 81.0% in R2 Technologies, Inc., which develops aesthetic and medical technologies for the skin. Broadcasting, the Spectrum segment, operated 257 stations as of December 31, 2025, including three Full Power stations, 53 Class A stations and 201 Low Power Television stations, collectively able to broadcast approximately 2,000 subchannels and reach 112 markets in the U.S. and Puerto Rico, including 39 of the top 40 markets. INNOVATE, a Delaware corporation, was incorporated in 1994.

Written from the business description in INNOVATE Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 26 March 2026. Every sentence was checked against that document before publication.