Limbach closes $63 million acquisition of Madison, Wisconsin contractor 1901 Inc.
Limbach Holdings announced on September 1, 2026 that it closed its acquisition of 1901 Inc., a Madison, Wisconsin mechanical contractor, for an initial price of $63 million, funded from cash and its expanded revolving credit facility. The company expects 1901 to contribute about $140 million in revenue and $11 million in adjusted EBITDA for 2027, and it will provide more detail on 1901's financial contribution with its third-quarter 2026 results in November.
Key points
- Initial purchase price at closing of $63 million, subject to customary post-closing adjustments, funded by cash and revolver borrowings
- Performance-based earnouts of up to $6 million, payable over the next two years if targets are met
- 1901 has about 450 employees, including more than 350 field professionals
- For 2027, Limbach expects 1901 to contribute about $140 million in revenue and $11 million in adjusted EBITDA
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.