Update: Limbach Shares Rise After Acquiring 1901 for $63 Million
MT newswire2026/09/01 18:54Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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02:54 PM EDT, 09/01/2026 (MT Newswires) -- (Updates with share movement in the headline and first paragraph.) Limbach (LMB) shares rose over 8% Tuesday after it acquired 1901, a Wisconsin-based MEP contractor that provides underground utility solutions in Wisconsin and the Midwest, for a purchase price of $63 million funded with cash and borrowings. The deal also includes performance-linked earn-outs of up to $6 million, with those amounts being payable, if earned, over the next two years from closing, the company said. Limbach said it expects 1901 to contribute about $140 million in revenue and $11 million in adjusted EBITDA for full year 2027. Price: 44.54, Change: +3.32, Percent Change: +8.05
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