Limbach Holdings Announces Acquisition of 1901 Inc. for $63M

What Happened

• Limbach Holdings, Inc. (LMB) filed a Form 8-K (Regulation FD disclosure) and issued a press release on September 1, 2026 announcing the closing of its acquisition of 1901 Inc., a Madison, Wisconsin–based mechanical contractor. The initial purchase price at closing was $63.0 million.
• The purchase was financed with a combination of available cash and borrowings under Limbach’s recently expanded revolving credit facility. The transaction also includes performance-based earnouts of up to $6.0 million payable, if earned, over the two years following closing upon achievement of specified targets.

Key Details

• Closing date / announcement: September 1, 2026.
• Initial purchase price paid at closing: $63.0 million.
• Contingent consideration: up to $6.0 million in performance-based earnouts payable over the next two years if targets are met.
• Financing: combination of company cash and borrowings under an expanded revolving credit facility.
• Filing: disclosed under Item 7.01 (Regulation FD disclosure) on Form 8‑K; press release included as Exhibit 99.1.

Why It Matters

• The acquisition is a material business combination that expands Limbach’s mechanical contracting footprint (adds 1901 Inc.’s operations in Madison, WI).
• Financing the deal with cash and additional borrowings can affect Limbach’s liquidity and leverage; investors should watch upcoming quarterly reports and credit facility disclosures for the transaction’s impact on debt levels, interest expense and cash flow.
• The up-to-$6.0M earnout means some of the total consideration is performance-contingent, so total cash outflow depends on future results of the acquired business.

For more detail, refer to Limbach’s Form 8‑K filed September 1, 2026 and the attached press release (Exhibit 99.1).