June 27, 2023

Limbach Holdings (NASDAQ: LMB): Buildings Solutions Systems Firm with Expertise in Design, Engineering and Maintenance of Existing Buildings

46 minutes

My guest on the show today is Michael McCann, President & CEO of Limbach Holdings (NASDAQ: LMB). Limbach is a building systems solutions firm with expertise in the design, prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems. With over 1,500 team members and 17 offices located throughout the United States, the company partners with institutions with mission-critical infrastructures, such as data centers and healthcare, industrial & light manufacturing, cultural & entertainment, higher education, and life science facilities.

Limbach had presented at our virtual conference in December of 2022, and I've interviewed the previous CEO, Charlie Bacon, going back as far as 2016. Also, my friend, Yaron Naymark recently was a guest on Andrew Walker's show, Yet Another Value Podcast, to discuss his thesis about Limbach. As you will hear, Limbach, despite being around since 1901, went through a strategic shift in their business in 2016 and I wanted to chat with the new CEO on here to share with us his vision for the company moving forward, as well as:

Balancing the mix to Owner Direct Relationships from General Contractor Relationships

Focus on tertiary markets

Capital allocation, specifically regarding their M&A strategy, criteria; and,

Michal McCann's vision for the company in the next 3-5 years

With that, please enjoy my conversation with Michael McCann, President & CEO of Limbach Holdings. For more information about Limbach Holdings, please visit: https://www.limbachinc.com/

Today's episode is sponsored by:

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