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, has closed its previously announced underwritten public offering of common stock, effective February 12, 2021.

Limbach sold a total of 1,783,500 shares of its common stock in the offering. Net proceeds to Limbach from the offering were approximately $20 million, after deducting underwriting discounts and commissions.

Lake Street Capital Markets acted as the sole book-runner for the offering. Littlebanc Advisors, LLC, through Wilmington Capital Securities, LLC, and Roth Capital Partners also acted as financial advisors to the Company during the transaction.

Limbach Chief Executive Officer Charlie Bacon commented, “We expect the funds raised through this offering to support several key initiatives in 2021, including investments to accelerate our owner-direct and digital transformation, and to provide available growth capital. Through the first nine months of 2020, we made solid progress repositioning our balance sheet to support the company’s current capital needs. The funds raised in this offering add to our ability to undertake a number of initiatives to drive future growth and profitability. We’re excited to capitalize on Limbach’s continuing momentum to take advantage of the many opportunities in the marketplace, and to further cement our position as a leading provider of technical solutions for the building environment.”

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities nor shall there be any offer or sale of 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.

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.