PITTSBURGH--(BUSINESS WIRE)--Limbach Holdings, Inc. (OTCQB: LMB, LMBW) today announced the closing of the previously announced merger between Limbach Holdings LLC and 1347 Capital Corp., which has been renamed Limbach Holdings, Inc.
“What a great day for one of the construction industry’s historic companies,” said Charlie Bacon, Limbach’s CEO. “For more than 115 years, Limbach has helped build America, and we look forward to leveraging our new status as a public company to add locations, workers, and services in order to better serve our clients. Building owners and General Contractors alike rely on Limbach to deliver high-quality, engineered mechanical and electrical solutions for complex projects and to maintain the built systems after completion. Our growing order books and our backlog reflect the trust our customers place in us. At the same time, industry analysts confirm what our internal planning shows: demand for Limbach’s engineered building systems solutions is on the rise, and we are prepared to meet it.”
Gordon Pratt, former CEO of 1347 Capital Corp. and a new director of Limbach said, “We are so, so proud of having played a part in bringing this great company public. Limbach’s diligent focus on clients, quality, and worker safety sets it apart in the industry. We’re honored to be part of a company that gets the job done.”
Upon closing of the transaction, Limbach will have 5,927,800 common shares outstanding which now trade under the ticker “LMB”. Limbach will also have warrants outstanding, which will trade under the ticker “LMBW”.
About Limbach
Founded in 1901, Limbach is the 12th largest mechanical systems solutions firm in the United States as determined byEngineering News Record. Limbach provides building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners. Limbach employs more than 1,300 employees in 14 offices throughout the United States. The Company’s full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, position Limbach as a value-added and essential partner for building owners, construction managers, general contractors and energy service companies.
