10:27 AM EST, 12/02/2024 (MT Newswires) -- Limbach Holdings ( LMB ) said Monday it has acquired Consolidated Mechanical for $23 million, expanding its reach in the industrial sector.

Limbach ( LMB ) said it expects Consolidated Mechanical to contribute $23 million in annual revenue starting in 2025 and $4 million annually in earnings before interest, taxes, depreciation, and amortization annually.

The acquisition, funded with available cash, includes potential earn-outs of $2 million over two years, Limbach ( LMB ) added.

Limbach ( LMB ) shares rose nearly 6% in recent Monday trading.

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