Limbach Holdings (LMB) said Monday it has acquired Consolidated Mechanical for $23 million, expanding its reach in the industrial sector.
Limbach said it expects Consolidated Mechanical to contribute $23 million in annual revenue starting in 2025 and $4 million annually in earnings before interest, taxes, depreciation, and amortization annually.
The acquisition, funded with available cash, includes potential earn-outs of $2 million over two years, Limbach added.
Limbach shares rose nearly 6% in recent Monday trading.
Price: 105.55, Change: +6.06, Percent Change: +6.09
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