Limbach closes $5M cash acquisition of ACME Industrial Piping; earnout up to $2.5M

Limbach Holdings, Inc.

Acquisition closed July 5, 2023; total consideration $5M in cash at closing plus up to $2.5M earnout.
ACME expected to contribute ~$10M in annual revenue and >$1M in EBITDA.
ACME specializes in industrial maintenance, capital projects, emergency services, and hydroelectric work.
Transaction expands Limbach's Owner Direct Relationships (ODR) segment with Fortune 500 customers.
2023 impact judged immaterial; focus on integration and revenue synergies for 2024.

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