Limbach Holdings, Inc. (NasdaqCM:LMB) acquired Pioneer Power, Inc. for $66.1 million on July 1, 2025. The purchase price is subject to customary working capital adjustments. A cash consideration of $66.1 million will be paid by Limbach Holdings, Inc. As part of the transaction, Pioneer Power's team would join Limbach family. The transaction is financed with available cash and its revolving credit facility that was recently expanded through a modification to a credit agreement with its lender, Wheaton Bank & Trust Co. NA.
Limbach Holdings, Inc. (NasdaqCM:LMB) completed the acquisition of Pioneer Power, Inc. on July 1, 2025.
Limbach Holdings, Inc. is an integrated building systems solutions company. The Company partners with the owners and facilities managers who have mission-critical mechanical, electrical, and plumbing infrastructure. The Company operates in two segments: General Contractor Relationships (GCR), and Owner Direct Relationships (ODR). The GCR segment manages new construction or renovation projects that involve primarily mechanical, plumbing, or electrical services awarded to the Company by general contractors or construction managers. Through the ODR segment, the Company performs owner direct construction projects and/or provides maintenance or services primarily on mechanical, plumbing or electrical systems, building controls and specialty contracting projects direct to, or assigned by, building owners or property managers. The Company works with six vertical markets: healthcare, industrial and manufacturing, data centers, life science, higher education and cultural and entertainment.
