m_and_a
confidence high
sentiment positive
materiality 0.70
Limbach provides PPI acquisition details; sees $120M revenue and $10M EBITDA from PPI in FY2026
Limbach Holdings, Inc.
- Purchase price of $66.1M funded with cash and ~$40M revolver draw.
- PPI expected to contribute $120M revenue and $10M Adjusted EBITDA in FY 2026.
- Updated FY2025 guidance: revenue $650–$680M, Adjusted EBITDA $80–$86M (PPI adds $40–50M revenue, $2–4M EBITDA in H2).
- Company had $38.9M cash on June 30 and $84.9M revolver availability pre-deal.
- No earn-out; PPI was 100% ESOP-owned, making earn-out not practical.
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