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Limbach Holdings, Inc. completes acquisition of Kent Island Mechanical, LLC to expand its service in the Greater Washington, D.C. metro region

Sep 03, 2024•11 months ago

Acquiring Company

Limbach Holdings

Acquired Company

Kent Island Mechanical

WarrendaleLaurelBuilding MaintenanceConstructionBuilding Maintenance

Description

Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Kent Island Mechanical, LLC for an initial purchase price of $15 million. The acquisition will create a dominant mechanical systems solutions provider in the high growth Mid-Atlantic region, reinforcing Limbach's commitment to their strategic goals and expansion efforts. The combined entity will focus on integrating operations and unlocking synergies in 2025.

Company Information

Company

Limbach Holdings

Location

Warrendale, Pennsylvania, United States

About

Limbach Holdings, Inc. (NASDAQ: LMB), with revenue of $516.4 million in 2023, is a building systems solution firm that partners with building owners and facilities managers who have mission-critical mechanical (heating, ventilation, and air conditioning), electrical and plumbing infrastructure. We strive to be an indispensable partner to our customers by providing services that are essential to the operation of their businesses. We work with building owners primarily in six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education, and cultural and entertainment. We have more than 1,300 team members in 19 offices across the eastern United States. Our team members uniquely combine engineering expertise with field installation skills to provide custom solutions that leverage our full life-cycle capabilities, which allows us to address both the operational and capital projects needs of our customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed