M&A
confidence high
sentiment positive
materiality 0.85
Limbach acquires Wisconsin MEP contractor 1901 Inc. for $63M cash/debt
Limbach Holdings, Inc.
- Purchase price $63.0M at closing via cash and expanded revolving credit facility.
- Up to $6.0M performance-based earnouts payable over 2 years if targets met.
- 1901 adds ~450 employees (350+ field pros); Limbach's largest electrical operation.
- 2027 expected contribution: ~$140M revenue and ~$11M adjusted EBITDA from 1901.
- Acquisition expands Midwest footprint and adds healthcare, education, advanced manufacturing exposure.