| Construction & Engineering Industry | Industrials Sector | - CEO | ASX Exchange | AU0000109597 ISIN |
| United States Country | 3,946 Employees | - Last Dividend | - Last Split | - IPO Date |
INNOVATE Corp., a diversified company with operations across various sectors, is engaged in infrastructure, life sciences, and broadcasting spectrum in the United States. The company, which underwent a name change from HC2 Holdings, Inc. to INNOVATE Corp. in September 2021, has its roots dating back to 1994 and is headquartered in New York, New York. Through its subsidiaries, INNOVATE Corp. provides a range of services and develops products catering to the needs of industrial construction, medical technologies, and broadcasting industries.
INNOVATE Corp.'s infrastructure segment offers comprehensive industrial construction and facility maintenance services. This includes the fabrication and installation of structural steel, heavy steel plates, water storage tanks, and large-diameter water pipes. The company is also involved in the manufacturing of pollution control scrubbers, tunnel liners, pressure vessels, and other customized products. Solutions also cover digital engineering, modeling and detailing services for various construction projects ranging from commercial buildings to complex infrastructure such as bridges and power plants.
In the life sciences domain, INNOVATE focuses on developing advanced treatment options for early osteoarthritis of the knee, alongside aesthetic and medical technologies aimed at skin care. This segment underscores the company's commitment to improving health outcomes and quality of life through innovative medical solutions.
The spectrum segment of INNOVATE manages over-the-air broadcasting stations nationwide, along with operating Azteca America, a Spanish-language broadcast network. This part of the business showcases INNOVATE’s involvement in the media industry, catering to diverse audiences across the United States through broadcasting and digital platforms.