M&A
confidence high
sentiment positive
materiality 0.70
Limbach acquires Kent Island Mechanical for $15M cash plus up to $5M earnout
Limbach Holdings, Inc.
- Initial purchase price of $15M in cash; earnout of up to $5M payable over two years.
- KIM expected to contribute ~$30M annual revenue and >$4M EBITDA beginning in 2025.
- Acquisition expands Limbach's ODR capabilities in data centers, healthcare, life sciences, higher ed in Mid-Atlantic.
- Founder Mark Bowen retired; Director of Operations Kyle Benjamin joins Limbach's Mid-Atlantic leadership.
- Limbach has completed >$50M in transaction value in strategic acquisitions without issuing stock.