Limbach Acquires Jake Marshall and Coating Solutions

Limbach Holdings, Inc. closed the acquisition of Jake Marshall, LLC and Coating Solutions, LLC for $20.0 million in cash, with potential earnout payments of up to $6.0 million. The transaction closed on December 2, 2021.

“On December 2, 2021 (the “Effective Date”), Limbach Holdings, Inc., a Delaware corporation (the “Company”), and Limbach Facility Services LLC, a Delaware limited liability company and wholly-owned subsidiary of the Company (the “Buyer”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Jake Marshall, LLC, a Tennessee limited liability company (“JMLLC”), Coating Solutions, LLC, a Tennessee limited liability company (“CSLLC” and together with JMLLC, the “Acquired Companies” and each an “Acquired Company”) and the owners of the Acquired Companies (collectively, the “Sellers”), pursuant to which the Buyer purchased all of the outstanding membership interests in the Acquired Companies from the Sellers (the transactions contemplated by the Purchase Agreement collectively being the “Jake Marshall Transaction”). The Jake Marshall Transaction closed on the Effective Date.”

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