Limbach Holdings, Inc. · NASDAQ:LMB
Limbach — Merger or Acquisition (December 2021)
9 slides from Limbach's merger presentation, Dec 3, 2021
Slide 1: Acquisition of Jake Marshall, LLC
Acquisition of Jake Marshall, LLC December 2021 Diverse භ Evolving භ Essential 1 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements We make forward - looking statements in this presentation within the meaning of the Private Securities Litigation Reform Act of 1995 . These forward - looking statements relate to expectations or forecasts for future events, including, without limitation, our earnings, Adj
Slide 3: Agenda Outline
3 Agenda Outline 01 Transaction Highlights 02 About Jake Marshall 03 Strategic Fit 04 Deal Terms 05 Selected Financial Information 06 Closing comments 3
Slide 4: Transaction Highlights
4 Transaction Highlights Leading Market Position Dominant contractor in the protected Chattanooga MSA; serving industrial and institutional markets in Tennessee, Georgia and Alabama Well - Developed ODR Model Extensive industrial and institutional ODR relationships, high velocity of maintenance, rep
Slide 5: About Jake Marshall
5 About Jake Marshall • Chattanooga, TN - based Jake Marshall is a specialty mechanical contractor occupying a dominant position in its core geographic markets of Southeastern Tennessee, Northern Georgia and Northern Alabama) • The Company benefits from a strong reputation for technical ability, exc
Slide 6: Strategic Fit
6 Capability Expansion x No existing Core Service capability x No captive design/build or engineering capabilities x Ability to leverage Limbach’s Nashville healthcare presence x Significant pre - fabrication capabilities can be leveraged across Limbach’s branch portfolio x Extensive industrial resu
Slide 7: Transaction Terms and Structure
7 Transaction Terms and Structure Valuation • The net consideration paid at closing was $ 20 million in cash 1 , which represents an enterprise value multiple of approximately 4 . 5 x historical average EBITDA 2 • Additional earn - out opportunities totaling an aggregate maximum of up to $ 6 million
Slide 8: Jake Marshall – Financial Highlights
8 Jake Marshall – Financial Highlights Selected Business / Financial Highlights 1. Based on audited financial statements for the years 2014 - 2020 . • Average 1 annual revenue of more than $45 million • History of strong and consistent field execution and gross margins • Average 1 annual EBITDA of m
Slide 9: Key Considerations / Closing Comments
9 Key Considerations / Closing Comments Excellent strategic fit across all vectors Go - to - market strategy and business model supports Limbach’s focus on ODR Carefully structured to be immediately accretive and appropriately capitalized Focus will be on top - line synergies; expanding Jake Marshal
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