Limbach Holdings, Inc. Acquires Greensboro, NC – Based Specialty Mechanical Contractor Industrial Air, LLC For $13.5M In All Cash Transaction
Portfolio Pulse from Benzinga Newsdesk
Limbach Holdings, Inc. (NASDAQ:LMB) has acquired Industrial Air, LLC, a specialty mechanical contractor based in North Carolina, for $13.5 million in an all-cash transaction. Industrial Air is expected to contribute an estimated $30.0 million in revenue and $4.0 million in EBITDA annually. The acquisition expands Limbach's presence in the industrial and institutional sectors in a fast-growing geographic market.
November 02, 2023 | 12:55 pm
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Limbach's acquisition of Industrial Air for $13.5M in cash is expected to contribute $30M in revenue and $4M in EBITDA annually, expanding its presence in the industrial and institutional sectors.
The acquisition of Industrial Air by Limbach Holdings is a significant move that expands the company's presence in the industrial and institutional sectors. This is expected to contribute significantly to the company's annual revenue and EBITDA, which could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100