What did Limbach Holdings (NYSE: LMB) pay for Consolidated Mechanical, Inc.?

Limbach Holdings (NYSE: LMB) acquired Consolidated Mechanical, Inc. for $23.0M in 2024 (5.8x EBITDA), equivalent to 1.00x revenue. Target revenue was approximately $23.0M. Target EBITDA was approximately $4.0M.

What multiple did Limbach Holdings (NYSE: LMB) pay for Consolidated Mechanical, Inc.?

5.8x EBITDA and 1.00x revenue, based on disclosed deal value of $23.0M and disclosed financials.

M&A TRANSACTION · 2024

Consolidated Mechanical, Inc. acquired by Limbach Holdings (NYSE: LMB)

$23.0M· 5.8x EBITDA· 1.00x revenue

Target

Consolidated Mechanical, Inc.

Owensboro, KY

Industrial mechanical contractor offering piping fabrication/installation, precision equipment installation, steel fabrication, and commercial plumbing and HVAC systems

Acquirer

Limbach Holdings (NYSE: LMB)

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$23.0M

EBITDA

$4.0M

Deal Value

$23.0M

EV/EBITDA

5.8x

Context

This $23.0M acquisition of Consolidated Mechanical, Inc. by Limbach Holdings (NYSE: LMB) sits in the hvac sub-vertical. The 5.8x EBITDA multiple paid in 2024 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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Citation: ExitValue.ai. (2024). Consolidated Mechanical, Inc. acquired by Limbach Holdings (NYSE: LMB). https://exitvalue.ai/deals/consolidated-mechanical-inc-acquired-by-limbach-holdings-nyse-lmb-hvac-plumbin