secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036226
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach buys Industrial Air for $13.5M cash plus up to $6.5M earnout
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- Acquired Industrial Air, a Greensboro NC specialty mechanical contractor, for $13.5M cash at close.
- Performance-based earnout of up to $6.5M payable over two years; total consideration may reach $20.0M.
- IA expected to contribute ~$30M annual revenue and ~$4M EBITDA; impact on 2023 minimal, more in 2024.
- IA serves industrial customers with air handling and filtration, particularly textile industry mission-critical needs.
- Deal establishes Limbach's presence in the Carolinas, aligns with ODR-heavy model and cultural fit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000162828023036226/0001628280-23-036226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000162828023036226/lmb-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036226

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