Here, we report Rh and Ir complexes containing a triaryl SBS pincer ligand flanked by neutral thiomethyl donor groups. Oxidative addition of the B−H bond in the diazaborole proligand H( Me SBS Me ) to [Ir(COD)Cl] 2 or [Rh(COE)Cl] 2 yielded the chloride-bridged dimers [( Me SBS Me )MH(μ-Cl)] 2 , where M = Ir (1) or Rh (2). Addition of CO to 1 and 2 yielded unstable products that were difficult to isolate, but crystals of monomeric ( Me SBS Me )IrH(CO)Cl (3) recovered from the reactions with 1 revealed a change in the Me SBS Me coordination mode from mer to fac. Treating 1 and 2 with LiN(SiMe 3 ) 2 yielded mer-( Me SBS Me )IrH[N(SiMe 3 ) 2 ] (4) and the unusual Rh I −Rh III dimer ( Me SBS Me )Rh(μ-H)[( Me S(μ-B)(μ-S Me )]Rh[N(SiMe 3 ) 2 ] ( 5) with both mer and fac Me SBS Me . 4 and 5 did not exhibit any alkane transfer hydrogenation reactivity when tested with tert-butylethylene and cyclooctane, but they are highly active for alkene isomerization with 1-hexene. Optimized isomerization reactions showed the highest turnover number (TON) with 4 at 60 °C after 16 h (TON = 10 000), and both catalysts are effective even when tested at room temperature with similar loadings (TON = 600). Collectively, these data highlight the reactivity and inherent coordinative flexibility of the Me SBS Me ligand for comparison to more well-established PBP complexes.