Mergers & Acquisitions ·
Limbach Holdings, Inc. reported second quarter 2026 financial results and announced the closing of its acquisition of…
LMBLimbach Holdings, Inc.
Limbach Holdings, Inc. reported second quarter 2026 financial results and announced the closing of its acquisition of CYMCOR, Inc., a professional services firm specializing in data center program management, for an initial purchase price of $30.0 million funded via cash and its revolving credit facility. For the quarter ended June 30, 2026, total revenue increased 21.9% to $173.5 million from $142.2 million in the prior year period, driven by a full quarter of contribution from the July 2025 Pioneer Power acquisition. Net income decreased 38.8% to $4.7 million ($0.39 diluted EPS) compared to $7.8 million ($0.64 diluted EPS), while adjusted EBITDA fell 22.3% to $13.9 million from $17.9 million, primarily due to lower gross margins at Pioneer Power and competitive pressures in data center markets. The company raised its full year 2026 revenue guidance to $760 million–$790 million from $730 million–$760 million and revised adjusted EBITDA guidance down to $78 million–$84 million from $90 million–$94 million. Limbach Holdings, Inc. operates in the building systems solutions industry, designing, delivering, and maintaining mechanical, electrical, plumbing, and controls infrastructure for mission-critical facilities.