Investment case
Limbach Holdings, Inc.
LMB · 3 developments mapped · last assessed 2026-09-09
Market Ontology has mapped 3 macro, policy, and market developments to Limbach Holdings, Inc. since 2026-09-01. Each one is traced from the driver to the valuation assumption it moves, and the valuation below is run on the same engine the subscription uses.
Valuation
No validated run has been published for LMB yet, so no modelled value is shown. The LMB valuation is in the public catch-up queue.
Subscribers do not wait for the weekly cycle: they run LMB on demand, against live prices and the latest filings, and change any assumption the developments below move.
Filed financials
Current case
- Strongest support
Limbach Facility Services LLC Enters into $300 Million Credit Facility with PNC Bank
Direct access to capital for operations, potential growth initiatives, and refinancing existing debt. Improved liquidity position.
· Moves cost of debt, liquidity risk premium, growth rate assumptions
- Open question
Limbach Holdings, Inc. Acquires 1901 Inc. for $63 Million
Direct acquisition impact on financial statements and strategic positioning.
· Moves growth rate revenue, synergy realization, integration costs
What changed, by assumption
- 2026-09-09Limbach Facility Services LLC Enters into $300 Million Credit Facility with PNC Bank
- 2026-09-01Limbach Holdings, Inc. Acquires 1901 Inc. for $63 Million
- 2026-09-01Limbach Acquires Wisconsin-Based MEP Contractor 1901 Inc.
Assumption changes
Full ledger →| Date | Assumption | Direction | Why | Conf. |
|---|---|---|---|---|
| 2026-09-01 | Revenue | Bullish | Management expects 1901 Inc. to contribute approximately $140 million in revenue for the full year 2027. | 0.85 |
| 2026-09-01 | Margin | Bullish | Management expects the 1901 Inc. acquisition to contribute $11 million in adjusted EBITDA for 2027. | 0.90 |
| 2026-09-01 | Revenue | Bullish | Management expects the 1901 Inc. acquisition to contribute approximately $140 million in revenue for the full year 2027. | 0.90 |
| 2026-09-01 | Share count | Bullish | Stock component of consideration dilutes existing acquirer holders. | 0.70 |
| 2026-09-01 | Net debt | Bullish | Cash component of consideration is typically debt-funded, raising net debt. | 0.70 |
| 2026-09-01 | Revenue | Bullish | Acquisition adds target revenue to acquirer P&L on close. | 0.70 |
Event impact log
Full ledger →| Date | Mechanism | Direction | Horizon | Impact |
|---|---|---|---|---|
| 2026-09-09 | Limbach Facility Services LLC Enters into $300 Million Credit Facility with PNC Bank | Bullish | 3-12m | 0.70 |
| 2026-09-01 | Limbach Holdings, Inc. Acquires 1901 Inc. for $63 Million | mixed | 3-12m | 0.70 |
| 2026-09-01 | Limbach Acquires Wisconsin-Based MEP Contractor 1901 Inc. | mixed | 1-3m | 0.70 |