secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2021-12-03T23:59:59+00:00
Accession:  0001104659-21-146128
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach acquires Jake Marshall for $20M cash; expects immediate accretion
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- Enterprise value of $20M all-cash; funded with $10M cash on hand and $10M term borrowings under A&R credit facility.
- Jake Marshall generated average $45M revenue and $4.5M EBITDA annually from 2014-2020; earnout up to $6M based on gross profit thresholds through 2023.
- Deal expands owner-direct focus and southeast presence; expected to be accretive to bottom line.
- A&R Credit Agreement provides $35.5M term loan and $25M revolver, maturing February 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000110465921146128/0001104659-21-146128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000110465921146128/tm2134423d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-146128

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer