Limbach Holdings, Inc. (LMB), Monday announced the acquisition of Consolidated Mechanical, Inc., a full-service mechanical contractor, for an initial price of $23 million.
Limbach added that the acquisition was funded from existing cash. The deal has performance-based, contingent earn-outs totaling up to $2 million, which would potentially be payable over the next two years.
The company expects the acquisition to contribute annualized revenue of approximately $23 million beginning in 2025, and EBITDA of $4 million per annum.
Currently, Limbach's stock is trading at $106.29, up 6.93 percent on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.