Limbach Closes $30M CYMCOR Acquisition, Eyes Data Center Expansion
LMB is trading near its 52-week low of $65.08 (13% above the low).
Summary
Limbach completed its $30M acquisition of CYMCOR, a data center program management and consulting firm, funded with cash and its recently expanded credit facility. The deal adds professional services capabilities and early owner engagement in hyperscale and colocation markets, with CYMCOR expected to contribute ~$12M in revenue and $4M in adjusted EBITDA in 2027. Management highlighted a proven pull-through model from healthcare, where $3M in professional services revenue drove $60M in project bookings. The acquisition follows the July 24 credit facility expansion that enabled the deal and positions Limbach to capture downstream construction and maintenance work from CYMCOR's $8B+ of overseen project budgets. Integration execution and revenue synergy realization will be key to watch.
At the time of this announcement, LMB was trading at $73.29 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $919.2M. The 52-week trading range was $65.08 to $138.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.