1347 Capital Corp. to Acquire Limbach Holdings LLC in $60M Merger

1347 Capital Corp., a SPAC, entered into a definitive merger agreement to acquire Limbach Holdings LLC, an HVAC-focused company, in a transaction valued at $60 million. The consideration includes a mix of cash, stock, and warrants, with Limbach becoming a wholly-owned subsidiary of 1347 Capital Corp.

“On March 23, 2016, 1347 Capital Corp. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company and Limbach Holdings LLC (“Limbach”) and FdG HVAC LLC, a Delaware limited liability company (“FdG”), solely in its capacity as the Limbach Holders’ Representative under the Merger Agreement, providing for the merger of a newly formed subsidiary of the Company (“Merger Sub”) with and into Limbach, with Limbach surviving the merger as a wholly-owned subsidiary of the Company.”

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