Limbach authorizes $2M share repurchase and completes $7.8M sale-leaseback of Pontiac facility

Limbach Holdings, Inc.

Board authorizes repurchase of up to $2.0M of common stock through Sept 29, 2023; may use open market, private deals, or 10b5-1 plans.
Sale-leaseback of Pontiac, MI facility for aggregate $7.8M ($5.4M purchase price + $2.4M tenant improvement allowances).
Lease term 25 years with two five-year renewal options; initial annual base rent $499,730, subject to annual increases.
One-time termination option after 15th lease year with ~$1.7M fee; Limbach Facility Services LLC guarantees lease obligations.
Second amendment to Wintrust credit agreement permits share repurchases under the program.

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