Add-on Acquisition • Business Services

Limbach Facility Services Acquires Industrial Air

On November 2, 2023, Limbach Facility Services acquired business services company Industrial Air for 14M USD

Acquisition Context
  • This is Limbach Facility Services’ 1st transaction in the Business Services sector.
  • This is Limbach Facility Services’ 4th largest (disclosed) transaction.
  • This is Limbach Facility Services’ 3rd transaction in the United States.
  • This is Limbach Facility Services’ 1st transaction in North Carolina.

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M&A Deal Summary

Date November 2, 2023
Target Industrial Air
Sector Business Services
Buyer(s) Limbach Facility Services
Deal Type Add-on Acquisition
Deal Value 14M USD

Target Company

Industrial Air

Greensboro, North Carolina, United States
Industrial Air is a specialty mechanical contractor that provides environmental mechanical and air filtration solutions and custom air handling equipment to industrial customers, with particular expertise in serving the mission critical needs of leading businesses in the textile industry. Industrial Air is based in Greensboro, North Carolina.
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Buyer Overview 1

Buyer

Limbach Facility Services

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1901
Sector Engineering
DESCRIPTION

Limbach Facility Services is a national provider of mechanical construction, sheetmetal fabrication, pipe fitting, plumbing, HVAC service and maintenance, and engineering and mechanical construction management services.


Deal Context for Buyer #
Overall 3 of 5
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 5
State: North Carolina 1 of 1
Country: United States 3 of 5
Year: 2023 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Jake Marshall

Chattanooga, Tennessee, United States

Jake Marshall is a full-service Mechanical Contractor who provides industrial and institutional mechanical construction, fabrication, and millwright capabilities with an emphasis on owner-direct projects. Jake Marshall is based in Chattanooga, Tennessee.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Consolidated Mechanical

Owensboro, Kentucky, United States

Consolidated Mechanical (CMI) is a full-service mechanical contractor that provides piping and mechanical support to local industrial clients in Western Kentucky. The company offers a wide array of services, including various types of piping fabrication and installation, precision equipment installation, steel fabrication and erection, and the installation of industrial and commercial plumbing and HVAC systems. Its comprehensive service range caters to light commercial needs and complex heavy industrial construction projects. Consolidated Mechanical was formed in 1984 and is based in Owensboro, Kentucky.

Buy -