Limbach (LMB) is a leading HVAC company with a wide array of top-tier customers across the Commercial, Educational, Entertainment (theme parks, sports arenas), Hospitals/Medical, Industrial, and Office segments and an over 100-year operating history. It has been, and remains among our Fund’s top holdings, and has weighed heavily on this year’s performance. Yesterday, it closed at $10.65 and is down 23% year-to-date.
We have covered Limbach at length, including our most recent article on the company in August. However, since then, Limbach, announced the acquisition of Dunbar Mechanical which should contribute $4.5mn