PITTSBURGH--(BUSINESS WIRE)--Limbach Holdings, Inc. (Nasdaq: LMB), a provider of building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners, today announced the pricing of its previously announced underwritten public offering of 1,783,500 shares of its common stock at a price to the public of $12.00 per share. In addition, Limbach has granted the underwriter a 30-day option to purchase up to 267,525 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on February 12, 2021, subject to customary closing conditions.

The gross proceeds to Limbach from the public offering, before deducting underwriting discounts and offering expenses payable by Limbach, are expected to be approximately $21.4 million, assuming the underwriter’s option is not exercised. Limbach intends to use the net proceeds from the public offering for general corporate purposes, which may include, without limitation, working capital and growth capital.

Lake Street Capital Markets LLC is acting as Sole Book-Runner for this proposed offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of a prospectus supplement and accompanying prospectus, which are a part of the effective registration statement.

About Limbach

Limbach provides building infrastructure services, with an expertise in the design, installation and maintenance of HVAC and mechanical, electrical, and plumbing systems for a diversified group of commercial and institutional building owners. Limbach employs more than 1,700 employees in 22 offices throughout the United States. The Company’s full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, position Limbach as a value-added and essential partner for building owners, construction managers, general contractors and energy service companies.