M&A TRANSACTION · 2023
ACME Industrial Piping, LLC acquired by Limbach Holdings (NYSE: LMB)
$5.0M· 5.0x EBITDA· 0.50x revenue
Target
ACME Industrial Piping, LLC
Chattanooga, TN
Specialty industrial contractor providing piping, fabrication and mission-critical mechanical services
Acquirer
Limbach Holdings (NYSE: LMB)
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$10.0M
EBITDA
$1.0M
Deal Value
$5.0M
EV/EBITDA
5.0x
Context
This $5.0M acquisition of ACME Industrial Piping, LLC by Limbach Holdings (NYSE: LMB) sits in the hvac sub-vertical. The 5.0x EBITDA multiple paid in 2023 can be compared against the population median for hvac transactions of similar size on our Hvac valuation hub. Limbach Holdings (NYSE: LMB) is acquiring as a strategic buyer; see how strategic acquirers typically price hvac businesses on our Hvac strategic buyer-pool page.
Source
Data sourced from Limbach Holdings Press Release / BusinessWire — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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