UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

OMB Number:          3235-0145

Washington, D.C. 20549

Expires:         February 28, 2009

Estimated average

SCHEDULE 13D

burden hours per response: 14.5

Item 1.

Security and Issuer

This Amendment No. 20 to Schedule 13D is being filed by the Reporting Persons to amend the Schedule 13D originally filed by certain of the Reporting Persons on May 18, 2006 (the “Original 13D”), as amended on August 25, 2006, January 11, 2007, September 7, 2007, December 19, 2007, March 5, 2008, November 10, 2008, October 23, 2009, February 3, 2010, March 10, 2010, May 13, 2010, February 11, 2011, July 21, 2011, September 17, 2013, March 5, 2014, August 15, 2014, October 5, 2015, December 24, 2015, March 25, 2016 and August 10, 2016 (the Original 13D, together with the amendments, the “Schedule 13D”) with respect to the common stock, par value of $.01 per share (the “Common Stock”), of IES Holdings, Inc. (the “Company”).  The principal executive offices of the Company are located at 5433 Westheimer Road, Suite 500, Houston, Texas 77056.

Item 2.

Identity and Background

(a)  This statement is filed by:

(i) Tontine Capital Partners, L.P., a Delaware limited partnership (“TCP”), with respect to the shares of Common Stock directly owned by it;

(ii) Tontine Capital Management, L.L.C., a Delaware limited liability company (“TCM”), with respect to the shares of Common Stock directly owned by it and by TCP;

(iii) Tontine Management, L.L.C., a Delaware limited liability company (“TM”), with respect to the shares of Common Stock directly owned by it;

(iv) Tontine Capital Overseas Master Fund II, L.P. a Cayman Islands limited partnership (“TCP 2”) with respect to shares of Common Stock directly owned by it;

(v)  Tontine Asset Associates, L.L.C., a Delaware limited liability company (“TAA”), with respect to the shares of Common Stock directly owned by it and by TCP 2;

(vi) Tontine Associates, L.L.C., a Delaware limited liability company (“TA”), with respect to shares of Common Stock directly owned by it;

(vii) Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company (“TCO”), with respect to shares of Common Stock directly owned by it; and

(viii) Jeffrey L. Gendell (“Mr. Gendell”) with respect to the shares of Common Stock directly owned by him and each of TCP, TCM, TM, TCP 2, TAA, TA and TCO.

TCP, TCM, TM, TCP 2, TAA, TA, TCO and Mr. Gendell are hereinafter sometimes collectively referred to as the “Reporting Persons.”  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

(b)  The address of the principal business and principal office of each of TCP, TCM, TM, TCP 2, TAA, TA and TCO is 1 Sound Shore Drive, Greenwich, Connecticut 06830.  The business address of Mr. Gendell is 1 Sound Shore Drive, Greenwich, Connecticut 06830.

(c)  The principal business of each of TCP and TCP 2 is serving as a private investment limited partnership.  The principal business of TCM is serving as the general partner of TCP.  The principal business of TM is serving as the general partner of an investment fund affiliated with the Reporting Persons.  The principal business of TAA is serving as the general partner of TCP 2.  The principal business of TA is to serve as the fund manager of an investment fund affiliated with the Reporting Persons.  The principal business of TCO is that of managing its assets. Mr. Gendell serves as the managing member of TCM, TM, TA, TCO and TAA.

(d)  None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)  None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

(f)  TCP is a limited partnership organized under the laws of the State of Delaware.  Each of TCM, TM, TAA, TA and TCO is a limited liability company organized under the laws of the State of Delaware.  TCP 2 is a limited partnership organized under the laws of the Cayman Islands.  Mr. Gendell is a United States citizen.

Item 3.

Source and Amount of Funds or Other Consideration

Except as set forth in Item 4, the shares of Common Stock purchased by the Reporting Persons were purchased with working capital and on margin.  The Reporting Persons’ margin transactions are with Wells Fargo Securities LLC and UBS Securities LLC, on each such firm’s usual terms and conditions.  All or part of the shares of Common Stock directly owned by the Reporting Persons may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to the Reporting Persons.  Such loans bear interest at a rate based upon the broker’s call rate from time to time in effect.  Such indebtedness may be refinanced with other banks or broker dealers.

Item 4.

Purpose of Transaction

On October 3, 2016, TCP 2 distributed an aggregate of 4,000,000 shares of Common Stock on a pro-rata basis to all holders of ownership interests in TCP 2, of which 3,105,040 shares of Common Stock were distributed to Mr. Gendell and other investors that are directly or indirectly controlled by Mr. Gendell as follows: 96,891 shares of Common Stock to TAA, 979,257 shares of Common Stock to TM, 1,910,529 shares of Common Stock to TCM, 47,284 shares of Common Stock to TCO and 71,079 shares of Common Stock to Mr. Gendell and his children. The remaining 894,960 shares of Common Stock distributed by TCP 2 were distributed to investors that are not directly or indirectly controlled by Mr. Gendell.

The Reporting Persons acquired their shares of Common Stock for investment purposes and in the ordinary course of business.  All of the Reporting Persons may dispose of securities of the Company at any time and from time to time in the open market, through dispositions in kind to parties holding an ownership interest in TCP, TCM, TM, TA, TCP 2, TAA and/or TCO, or otherwise.  While the Reporting Persons have no current plan or intent to dispose of their shares of Common Stock, any or all of them could seek to dispose of shares of Common Stock at any time by any means described in this Schedule 13D. In addition, the Reporting Persons may obtain securities of the Company through open market purchases, transfers from other Reporting Persons or otherwise.

As discussed in this Schedule 13D, the Reporting Persons own approximately 58.0% of the Company’s outstanding Common Stock and can control the Company’s affairs, including (i) the election of directors who in turn appoint management, (ii) any action requiring the approval of the holders of Common Stock, including adoption of amendments to the Company’s corporate charter, and (iii) approval of a merger or sale of all or substantially all assets. The Reporting Persons can also control certain decisions affecting the Company’s capital structure.

David B. Gendell, the brother of Jeffrey L. Gendell and an employee of an affiliate of the Reporting Persons, has served as a member of the Company’s Board of Directors since February 2012 and has served as non-executive Chairman of the Board of Directors since January 2015.  While serving in such capacity, David B. Gendell may have the ability to affect the composition of the Company’s management and influence the business operations of the Company or extraordinary transactions outside the normal course of the Company’s business.  If the Reporting Persons dispose of all or a portion of their holdings in the Company, they may not retain sufficient voting power to cause David B. Gendell to continue to be a director.

Although the foregoing represents the range of activities presently contemplated by the Reporting Persons with respect to the Company, it should be noted that the possible activities of the Reporting Persons are subject to change at any time.  Accordingly, the Reporting Persons reserve the right to change their plans or intentions and to take any and all actions that they may deem to be in their best interests.

Except as set forth in the Schedule 13D, the Reporting Persons do not have any current intention, plan or proposal with respect to: (a) the acquisition by any person of additional securities of the Company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Company, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company’s business or corporate structure; (g) changes in the Company’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange, if any, or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Act, or (j) any action similar to any of those enumerated in items (a) through (i) above.

Item 5.

Interest in Securities of the Issuer

The following disclosure of share ownership by the Reporting Persons is as of the date of this Amendment No. 20 to Schedule 13D.

A. Tontine Capital Partners, L.P.

(a)  Aggregate number of shares beneficially owned: 5,642,723.   Percentage: 26.3%.  The percentages used herein and in the rest of Item 5 are calculated based upon 21,451,539 shares of Common Stock outstanding as of August 8, 2016 as disclosed in the Company’s Quarterly Report on Form 10-Q filed on August 8, 2016.

(b)  1. Sole power to vote or direct vote: -0-

2. Shared power to vote or direct vote:  5,642,723

3. Sole power to dispose or direct the disposition: -0-

4. Shared power to dispose or direct the disposition:  5,642,723

(c)  TCP has not engaged in any transactions in Common Stock since August 10, 2016.

(d)  TCM, the general partner of TCP, has the power to direct the affairs of TCP, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares.  Mr. Gendell is the Managing Member of TCM and in that capacity directs its operations.

(e)  Not applicable.

B.  Tontine Capital Management, L.L.C.

(a)  Aggregate number of shares beneficially owned:  7,553,252.   Percentage:  35.2%.

(b)  1. Sole power to vote or direct vote:  1,910,529

2. Shared power to vote or direct vote:  5,642,723

3. Sole power to dispose or direct the disposition: 1,910,529

4. Shared power to dispose or direct the disposition:  5,642,723

(c)  On October 3, 2016, in connection with a pro-rata distribution to all holders of ownership interests in TCP 2, TCP 2 distributed 1,910,529 shares of Common Stock to TCM as further described in Item 4.

(d)  Not applicable.

(e)  Not applicable.

C. Tontine Management, L.L.C.

(a)  Aggregate number of shares beneficially owned: 1,410,162.   Percentage: 6.6%.

(b)  1. Sole power to vote or direct vote:  1,410,162

2. Shared power to vote or direct vote:  -0-

3. Sole power to dispose or direct the disposition: 1,410,162

4. Shared power to dispose or direct the disposition:  -0-

(c)  On October 3, 2016, in connection with a pro-rata distribution to all holders of ownership interests in TCP 2, TCP 2 distributed 979,257 shares of Common Stock to TM as further described in Item 4.

(d)  Not applicable.

(e)  Not applicable.

D. Tontine Capital Overseas Master Fund II, L.P.

(a)  Aggregate number of shares beneficially owned: 2,605,499.  Percentage: 12.1%.

(b)  1. Sole power to vote or direct vote:  -0-

2. Shared power to vote or direct vote:   2,605,499

3. Sole power to dispose or direct the disposition: -0-

4. Shared power to dispose or direct the disposition:  2,605,499

(c)  On October 3, 2016, TCP 2 distributed an aggregate of 4,000,000 shares of Common Stock on a pro-rata basis to all holders of ownership interests in TCP 2 as further described in Item 4.

(d)  TAA, the general partner of TCP 2, has the power to direct the affairs of TCP 2, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares.  Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.

(e)  Not applicable.

E.  Tontine Asset Associates, L.L.C.

(a)  Aggregate number of shares beneficially owned:  2,702,390.   Percentage:  12.6%.

(b)  1. Sole power to vote or direct vote:  96,891

2. Shared power to vote or direct vote:  2,605,499

3. Sole power to dispose or direct the disposition: 96,891

4. Shared power to dispose or direct the disposition:  2,605,499

(c)  On October 3, 2016, TCP 2 distributed an aggregate of 4,000,000 shares of Common Stock on a pro-rata basis to all holders of ownership interests in TCP 2, including 96,891 shares of Common Stock that were distributed to TAA, as further described in Item 4.

(d)  Not applicable.

(e)  Not applicable.

F.  Tontine Associates, L.L.C.

(a)  Aggregate number of shares beneficially owned: 642,057.   Percentage: 3.0%.

(b)  1. Sole power to vote or direct vote:  642,057

2. Shared power to vote or direct vote:  -0-

3. Sole power to dispose or direct the disposition:  642,057

4. Shared power to dispose or direct the disposition:  -0-

(c) TA has not engaged in any transactions in Common Stock since August 10, 2016.

(d)  Mr. Gendell is the Managing Member of TA and in that capacity directs its operations.

(e)  Not applicable.

G.  Tontine Capital Overseas GP, L.L.C.

(a)  Aggregate number of shares beneficially owned: 47,284.   Percentage: 0.2%.

(b)  1. Sole power to vote or direct vote:  47,284

2. Shared power to vote or direct vote:  -0-

3. Sole power to dispose or direct the disposition:  47,284

4. Shared power to dispose or direct the disposition:  -0-

(c) On October 3, 2016, in connection with a pro-rata distribution to all holders of ownership interests in TCP 2, TCP 2 distributed 47,284 shares of Common Stock to TCO as further described in Item 4.

(d)  Mr. Gendell is the Managing Member of TCO and in that capacity directs its operations.

(e)  Not applicable.

H.  Jeffrey L. Gendell

(a)  Aggregate number of shares beneficially owned: 12,436,382.   Percentage: 58.0%.

(b)  1. Sole power to vote or direct vote:  81,237

2. Shared power to vote or direct vote:  12,355,145

3. Sole power to dispose or direct the disposition:  81,237

4. Shared power to dispose or direct the disposition:  12,355,145

(c) On October 3, 2016, TCP 2 distributed an aggregate of 4,000,000 shares of Common Stock on a pro-rata basis to all holders of ownership interests in TCP 2, including 96,891 shares of Common Stock that were distributed to TAA, 979,257 shares of Common Stock that were distributed to TM, 1,910,529 shares of Common Stock that were distributed to TCM, 47,284 shares of Common Stock that were distributed to TCO, 71,079 shares of Common Stock that were distributed to Mr. Gendell and his children and 894,960 shares of Common Stock that were distributed to investors that are not directly or indirectly controlled by Mr. Gendell. See Item 4.

(d)  Not applicable.

(e)  Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Except as described herein, the Reporting Persons do not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Company, including but not limited to, the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

Item 7.

Material to be Filed as Exhibits

None.

October 5, 2016

Date

/s/ Jeffrey L. Gendell

Signature

Jeffrey L. Gendell, individually, as managing member of Tontine Capital Management, L.L.C., general partner of Tontine Capital Partners, L.P., as managing member of Tontine Management, L.L.C., as managing member of Tontine Asset Associates, L.L.C., general partner of Tontine Capital Overseas Master Fund II, L.P., as managing member of Tontine Associates, L.L.C. and as managing member of Tontine Capital Overseas GP, L.L.C.

Name/Title