secwatch.observer — SEC 8-K summary
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Issuer:     Limbach Holdings, Inc. (LMB)
CIK:        0001606163
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001628280-24-039044
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limbach acquires Kent Island Mechanical for $15M cash plus up to $5M earnout
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1606163/000162828024039044/0001628280-24-039044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1606163/000162828024039044/lmb-20240903.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-039044

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