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What smart money is saying about Limbach Holdings, Inc.United States flag

LMB · Basic Materials · Construction Materials · Market cap $799M

4 funds in our archive have pitched Limbach Holdings, Inc., most recently 1 Main Capital Partners in September 2026.

Company profile

Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection, troubleshooting, repair, and services; system and/or facility assessments; turnkey rental equipment solutions; MEPC infrastructure solutions; and customized solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Tampa, Florida.

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2
Reported positions
1
Bought
0
Sold
5
Letters

Position history

Between Q4 2024 and Q4 2026, 2 fund letters reported a position in Limbach Holdings, Inc., with 1 buy (opened or added).

Fund letters reporting a position in Limbach Holdings, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q4 20261000
Q3 20261101
Q2 20260001
Q4 20250001
Q4 20240001

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 2 positions · 1 move

Also mentioned · 1

These funds discuss Limbach Holdings, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.

Fund coverage · 4 theses

  • Limbach is a mission-critical MEP/HVAC contractor with a high-margin owner-direct model, now entering data centers and consolidating a fragmented industry at low multiples with aligned management.

    Read the full thesis
  • Limbach has an overlooked asset-light recurring service business inside a misunderstood mechanical contractor label, with faster growth and higher margins than the consolidated GAAP numbers imply.

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  • 1 Main Capital
    December 2025

    Limbach Holdings is a leading building systems solutions firm benefiting from a shift to higher-margin owner-direct work, strong cash generation, accretive acquisitions, and potential for ~20% FCF per share CAGR.

    Read the full thesis
  • Greystone Capital
    December 2024

    Limbach’s strong acquisitions, margin expansion, and consistent growth make it a compelling investment with upside potential

    Read the full thesis

Read every full thesis on Limbach Holdings, Inc.

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