Limbach is a leading non-residential mechanical contractor focused on providing building solutions for an array of end market customers with mission-critical building assets.
THE START
Commenced services in 2016.
Market cap was approximately $60 million and 90-day moving average daily volume approximated 24,000 shares.
Approximately 35% institutional ownership; no analyst coverage.
Our Role
Helped Limbach transition into a public traded company following a SPAC business combination.
Developed/managed all facets of Limbach’s IR program, including planning and managing strategic communications and outreach.
Created a new, comprehensive investor presentation; updated the deck regularly.
Helped initiate the practice of hosting quarterly earnings calls, developed all earnings materials, advised on Q&A, and managed the entire process each quarter.
Introduced potential investors and analysts to the story; arranged and participated in meetings with management (virtual / in-person).
Secured / managed an active schedule of well-regarded investor conferences.
Successfully navigated investor communications through a significant business strategy transition and change-out of the CFO, and then the CEO.
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RESULTS
Market cap: reached ~$500 million at YE2023, a 733% increase.
90-day moving average daily volume exceeded 160,000 shares at YE2023.
Introduced the Company to several institutions that became shareholders. Institutional holdings grew to ~60% of shares outstanding.
Research coverage initiated by ROTH Capital, Lake Street Capital Markets, DA Davidson, and Craig-Hallum.
Ongoing dialogues with analysts covering the Engineering & Construction space that have resulted in investor fireside chat events.
Feature story in Business Week; interview on Fox Business News.
