UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Item 1.

Security and Issuer

This Amendment No. 5 to Schedule 13D with respect to Integrated Electrical Services, Inc. is being filed by Tontine Capital Partners, L.P., Tontine Capital Management, L.L.C., Tontine Capital Overseas Master Fund, L.P., Tontine Capital Overseas GP, L.L.C., Tontine Partners, L.P., Tontine Management, L.L.C., Tontine Overseas Associates, L.L.C., Tontine 25 Overseas Mater Fund, L.P. and Jeffrey L. Gendell (collectively, the "Reporting Persons") to amend the Schedule 13D  originally filed by certain of the Reporting Persons on May 18, 2006, as amended (the "Schedule 13D").  Capitalized terms used but not defined herein have the meanings assigned to such terms in the Schedule 13D.

This statement relates to the common stock, par value of $.01 per share (the "Common Stock"), of Integrated Electrical Services, Inc. (the "Company").  The principal executive office of the Company is 1800 West Loop South, Suite 500, Houston, Texas 77027.

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 TCP and T25;

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

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

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

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

          (vii) Tontine Overseas Associates, L.L.C., a Delaware limited liability company (“TOA”), with respect to the shares of Common Stock directly owned by Tontine Overseas Fund, Ltd., a Cayman Islands exempted company (“TOF”);

          (viii) Tontine 25 Overseas Master Fund, L.P., a Cayman Islands limited partnership (“T25”), with respect to the shares of Common Stock directly owned by it; and

          (ix) Jeffrey L. Gendell (“Mr. Gendell”) with respect to the shares of Common Stock directly owned by each of Mr. Gendell, TCP, TMF, TP, TOF and T25.

          The foregoing persons 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, TMF, TCO, TP, TM, TOA and T25 is 55 Railroad Avenue, 1^st Floor, Greenwich, Connecticut 06830.  The business address of Mr. Gendell is 55 Railroad Avenue, 1^st Floor, Greenwich, Connecticut 06830.

(c)      The principal business of each of TMF, TCP, TP and T25 is serving as a private investment limited partnership.  The principal business of TCM is serving as the general partner of TCP and T25.  The principal business of TCO is serving as the general partner of TMF.  The principal business of TM is serving as the general partner of TP.  The principal business of TOA is serving as the investment advisor of TOF.  Mr. Gendell serves as the managing member of TCM, TCO, TM and TOA.

(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)      Each of TCP and TP is a limited partnership organized under the laws of the State of Delaware.  Each of TCO, TCM, TM and TOA is a limited liability company organized under the laws of the State of Delaware.  Each of TMF and T25 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

Exhibit 1 sets forth the Reporting Person’s purchases of Common Stock within the past 60 days.  Currently, the Reporting Persons collectively own 8,518,609 shares of Common Stock.  None of TCO, TCM, TM or TOA directly owns any shares of Common Stock.  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 UBS Securities LLC, on 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

Exhibit 1 sets forth the Reporting Person’s purchases of Common Stock within the past 60 days.  As previously reported in Amendment 4 to this Schedule 13D, TCP purchased a senior subordinated note of the Company and certain of its subsidiaries (collectively, the “Borrowers”) in the original principal amount of $25,000,000 (the “Note”) on December 12, 2007.  TCP’s purchase was made in connection with a $25,000,000 financing conducted by the Borrowers.  The Note matures on May 15, 2013, and bears interest at a rate of 11% per annum.  TCP purchased the Note pursuant to a Note Purchase Agreement, dated as of December 12, 2007, which contains customary representations and warranties from the Borrowers relating to their authority to issue the Note and their operations.

The Reporting Persons purchased the Note and have acquired their currently held shares of Common Stock for investment purposes and in the ordinary course of business.  An affiliate of the Reporting Persons serves on the board of directors of the Company.  The Reporting Persons continue to expect to consider and evaluate on an on-going basis all of their options with respect to their investment in the Company.  The Reporting Persons may also contact and consult with other stockholders of the Company concerning the Company, its prospects, the Company’s pursuit of strategic transactions to enhance stockholder value, and any or all of the foregoing matters.  The Reporting Persons may engage investment bankers, consultants, accountants, attorneys or other advisors to assist them.

In addition, the Reporting Persons may pursue other alternatives available in order to maximize the value of their investment in the Company. Such alternatives could include, without limitation, (i) the purchase of additional shares of Common Stock, options or related derivatives in the open market, in privately negotiated transactions or otherwise, (ii) the sale of all or a portion of the shares of Common Stock, options or related derivatives now beneficially owned or hereafter acquired by them, and (iii) seeking additional representation on the Company’s Board of Directors. 

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 above in this Item 4, 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 a registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated 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. 5 to Schedule 13D.

A. Tontine Capital Partners, L.P.

        (a)  Aggregate number of shares beneficially owned: 3,099,291.   Percentage: 20.4%.  The percentages used herein and in the rest of Item 5 are calculated based upon 15,229,450 shares of Common Stock outstanding, as disclosed in the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2007.

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

                  2. Shared power to vote or direct vote:  3,099,291

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

                  4. Shared power to dispose or direct the disposition:  3,099,291

          (c)   The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (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:  3,437,891.   Percentage:  22.5%. 

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

                  2. Shared power to vote or direct vote:  3,437,891

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

                  4. Shared power to dispose or direct the disposition:  3,437,891

          (c)   TCM has not engaged in any transactions in the Common Stock of the Company within the last 60 days.  The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   Not applicable.

          (e)   Not applicable.

C. Tontine Capital Overseas Master Fund, L.P.

          (a)   Aggregate number of shares beneficially owned: 1,128,637.   Percentage: 7.4%. 

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

                  2. Shared power to vote or direct vote:  1,128,637

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

                  4. Shared power to dispose or direct the disposition:  1,128,637

          (c)   The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   TCO, the general partner of TMF, has the power to direct the affairs of TMF, 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 TCO and in that capacity directs its operations.

          (e)   Not applicable.

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

          (a)   Aggregate number of shares beneficially owned: 1,128,637.   Percentage: 7.4%. 

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

                  2. Shared power to vote or direct vote:  1,128,637

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

                  4. Shared power to dispose or direct the disposition:  1,128,637

          (c)   TCO has not engaged in any transactions in the Common Stock of the Company in the last 60 days.  The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   Not applicable.

          (e)   Not applicable.

E. Tontine Partners, L.P.

          (a)   Aggregate number of shares beneficially owned: 2,593,292.   Percentage: 17.0%. 

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

                  2. Shared power to vote or direct vote:  2,593,292

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

                  4. Shared power to dispose or direct the disposition:  2,593,292

          (c)   The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   TM, the general partner of TP, has the power to direct the affairs of TP, 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 TM and in that capacity directs its operations.

          (e)   Not applicable.

F. Tontine Management, L.L.C.

          (a)   Aggregate number of shares beneficially owned: 2,593,292.   Percentage: 17.0%. 

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

                  2. Shared power to vote or direct vote:  2,593,292

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

                  4. Shared power to dispose or direct the disposition:  2,593,292

          (c)   TM has not engaged in any transactions in the Common Stock of the Company in the last 60 days.  The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   Not applicable.

          (e)   Not applicable.

G. Tontine Overseas Associates, L.L.C.

          (a)   Aggregate number of shares beneficially owned: 1,350,873.   Percentage: 8.9%. 

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

                  2. Shared power to vote or direct vote:  1,350,873

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

                  4. Shared power to dispose or direct the disposition:  1,350,873

          (c)   TOA has not engaged in any transactions in the Common Stock of the Company in the last 60 days.  The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   Each of the clients of TOA has the power to direct the receipt of dividends from or the proceeds of the sale of the shares of the Company.  Mr. Gendell is the Managing Member of TOA and in that capacity directs its operations.

          (e)   Not applicable.

H. Tontine 25 Overseas Master Fund, L.P.

          (a)   Aggregate number of shares beneficially owned: 338,600.   Percentage: 2.2%. 

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

                  2. Shared power to vote or direct vote:  338,600

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

                  4. Shared power to dispose or direct the disposition:  338,600

          (c)   The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (d)   TCM, the general partner of T25, has the power to direct the affairs of T25, 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.

I.  Jeffrey L. Gendell

          (a)   Aggregate number of shares beneficially owned: 8,518,609.   Percentage: 55.9%.

          (b)   1. Sole power to vote or direct vote:  7,916

                  2. Shared power to vote or direct vote:  8,510,693

                  3. Sole power to dispose or direct the disposition:  7,916

                  4. Shared power to dispose or direct the disposition:  8,510,693

          (c)   Mr. Gendell has not engaged in any transactions in the Common Stock of the Company in the last 60 days.  The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by the Reporting Persons in the Common Stock within the last 60 days, which were all in the open market, are set forth in Exhibit 1 and are incorporated by reference herein.

          (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

1.  Schedule of stock purchases by the Reporting Persons within the past sixty days.

March 5, 2008

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. and Tontine 25 Overseas Master Fund, L.P., as managing member of Tontine Capital Overseas GP, L.L.C., general partner of Tontine Capital Overseas Master Fund, L.P., as managing member of Tontine Management, L.L.C., general partner of Tontine Partners, L.P., and as managing member of Tontine Overseas Associates, L.L.C., investment advisor of Tontine Overseas Fund, Ltd.

Name/Title

Reporting Person

Date of Transaction

Number of Shares Purchased

Price Per Share (including
commissions, if any)

Tontine 25 Overseas Master Fund, L.P.

1/2/08

87,000

$

18.05

Tontine 25 Overseas Master Fund, L.P.

1/3/08

52,000

18.48

Tontine 25 Overseas Master Fund, L.P.

1/4/08

3,900

18.46

Tontine 25 Overseas Master Fund, L.P.

1/7/08

20,000

17.45

Tontine Partners, L.P.

1/7/08

70,700

17.45

Tontine 25 Overseas Master Fund, L.P.

1/8/08

20,000

17.34

Tontine Partners, L.P.

1/8/08

37,600

17.34

Tontine Partners, L.P.

2/13/08

80,000

13.78

Tontine Overseas Fund, Ltd.

2/13/08

14,500

13.78

Tontine Capital Overseas Master Fund, L.P.

2/14/08

13,400

14.73

Tontine Capital Partners, L.P.

2/14/08

75,600

14.73

Tontine Partners, L.P.

2/20/08

35,000

15.50

Tontine Overseas Fund, Ltd.

2/20/08

6,700

15.50

Tontine Partners, L.P.

2/21/08

80,000

16.14

Tontine Overseas Fund, Ltd.

2/21/08

9,900

16.14

Tontine Partners, L.P.

2/29/08

170,000

17.23

Tontine Overseas Fund, Ltd.

2/29/08

30,000

17.23

Tontine Partners, L.P.

3/3/08

80,000

16.94

Tontine Overseas Fund, Ltd.

3/3/08

20,000

16.94