Mergers & Acquisitions ·
Limbach Holdings, Inc. closed its acquisition of Madison, Wisconsin-based mechanical contractor 1901 Inc. for an…
LMBLimbach Holdings, Inc.
Limbach Holdings, Inc. closed its acquisition of Madison, Wisconsin-based mechanical contractor 1901 Inc. for an initial purchase price of $63 million, funded through available cash and borrowings under the company's expanded revolving credit facility. The transaction includes performance-based earnouts of up to $6 million payable over two years upon achievement of specified targets. 1901 brings approximately 450 employees and is expected to contribute roughly $140 million in revenue and $11 million in adjusted EBITDA for the full year 2027. This acquisition expands Limbach's Midwest presence, establishing its largest electrical operation to date and adding capabilities across mechanical, plumbing, controls, fabrication, service, and underground utility solutions. Limbach Holdings, Inc. is a building systems solutions firm that designs, delivers, and maintains mechanical, electrical, plumbing, and controls infrastructure for mission-critical facilities.