Limbach Holdings, Inc. completes acquisition of Kent Island Mechanical, LLC to expand its service in the Greater Washington, D.C. metro region
Sep 03, 2024•over 1 year ago
Acquiring Company
Limbach Holdings
Acquired Company
Kent Island Mechanical
Description
Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Kent Island Mechanical, LLC for an initial purchase price of $15 million. The acquisition will create a dominant mechanical systems solutions provider in the high growth Mid-Atlantic region, reinforcing Limbach's commitment to their strategic goals and expansion efforts. The combined entity will focus on integrating operations and unlocking synergies in 2025.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed