Limbach Holdings, Inc. has announced the acquisition of Pioneer Power, Inc. for a purchase price of $66.1 million. This acquisition, financed through a mix of available cash and borrowings from an expanded revolving credit facility, enhances Limbach's position as a leader in mission-critical mechanical and maintenance solutions in the Upper Midwest. The transaction includes the purchase of Pioneer Power's headquarters, warehouse, and fabrication facility, valued at approximately $4.6 million. Larry Stevens, Jr., President of Pioneer Power, expressed enthusiasm about joining Limbach, citing the access to greater resources that will benefit customers, employees, and stakeholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Limbach Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250701595283) on July 01, 2025, and is solely responsible for the information contained therein.