Limbach Acquires CYMCOR for $30 Million to Enhance Data Center Services
Limbach Holdings, Inc. has acquired CYMCOR, Inc. for $30 million to expand its data center services. This acquisition is expected to generate $12 million in revenue and $4 million in adjusted EBITDA by 2027, enhancing Limbach's operational capabilities and market reach.
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Limbach Holdings, Inc. has completed the acquisition of CYMCOR, Inc. for $30 million, funded through cash and borrowings from an expanded credit facility. CYMCOR is anticipated to contribute approximately $12 million in professional services revenue and $4 million in adjusted EBITDA by 2027, excluding any potential revenue synergies.
The acquisition enhances Limbach's existing services in the data center sector, allowing for improved project management and strategic consulting for clients with project budgets exceeding $8 billion. This move positions Limbach to engage earlier in the facility lifecycle, potentially increasing high-margin revenue opportunities. Additionally, the acquisition reflects a successful model previously established in the healthcare sector, which saw significant project bookings over the last year.
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