Limbach Holdings, Inc. (NasdaqCM:LMB) will look for acquisitions. Michael McCann, President and Chief Executive Officer said, "Strategic acquisitions are also an important component for our long-term growth plan. We take a disciplined and a selective approach to acquiring companies that meet 4 key criteria: expanding our geographic footprint and service capabilities, supporting our ODR growth strategy and most importantly, they are a good cultural fit.

We are establishing a track record of making acquisitions that follow our specific strategy. And in 2023, we made 2 acquisitions: ACME Industrial and Industrial Air. ACME was a tuck-in acquisition that provided new owner-direct relationships with on-premise teams that's Fortune 500 caliber customers and manufacturing vertical.

Industrial Air expanded our geographic footprint in North Carolina, providing additional ODR customer relationships with consumer goods and textile manufacturing facilities. We believe that successful strategic acquisitions, along with organic growth will drive profitability and create shareholder value".