Limbach Holdings, Inc. Acquires Chattanooga, TN – Based Specialty Industrial Contractor ACME Industrial Piping, LLC For An Enterprise Value Of $5M In An All-Cash Transaction
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Limbach Holdings, Inc. (NASDAQ:LMB) has acquired ACME Industrial Piping, LLC for an enterprise value of $5 million in an all-cash transaction. ACME specializes in industrial maintenance, capital project work, and emergency services for specialty chemical and manufacturing clients. The acquisition aligns with Limbach's emphasis on expanding the Owner Direct Relationships segment. ACME is expected to contribute on average $10 million in revenue and in excess of $1 million in EBITDA annually.
July 05, 2023 | 12:30 pm
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POSITIVE IMPACT
Limbach's acquisition of ACME Industrial Piping is expected to contribute significantly to its revenues and aligns with its expansion strategy. However, the impact on Limbach's revenue and earnings in 2023 is expected to be immaterial.
The acquisition of ACME by Limbach is a strategic move that aligns with the company's expansion strategy. ACME's contribution to Limbach's revenues is expected to be significant, which could positively impact the company's stock price. However, the impact on Limbach's revenue and earnings in 2023 is expected to be immaterial, which might limit the short-term impact on the stock price.
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