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Limbach Holdings Inc

For the period ended Dec 31, 2023. Filed Mar 13, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 13, 2024

LMB$57.07+6.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

As of December 31, 2023, the Company maintained its principal executive offices and corporate headquarters at 797 Commonwealth Drive, Warrendale, Pennsylvania. The Company has 19 offices throughout the United States. Those business units and offices (summarized below) are spread throughout the eastern portion of the country. All of the Company’s business units support both the GCR and ODR operating segments. The Company believes that its current facilities are suitable and adequate to meet its current needs and that suitable additional or substitute space will be available as needed.

Business UnitOffice LocationOwned or LeasedApproximate Size
ACME Industrial Piping, LLCChattanooga, TennesseeLeased51,766 square feet
Eastern PennsylvaniaWarrington, PennsylvaniaLeased27,443 square feet
Limbach Facility & Project Solutions LLCFranklin, Tennessee(1)LeasedN/A
Industrial Air, LLCGreensboro, North CarolinaLeased71,672 square feet
Jake Marshall LLCChattanooga, TennesseeLeased159,429 square feet
MichiganPontiac, Michigan(2)Leased74,000 square feet
MichiganLansing, MichiganLeased18,692 square feet
MichiganDetroit, MichiganLeased2,155 square feet
Mid-AtlanticLaurel, MarylandLeased50,133 square feet
New EnglandWilmington, MassachusettsLeased30,995 square feet
New JerseyEast Brunswick, New JerseyLeased4,200 square feet
OhioColumbus, Ohio (4 locations)Leased130,144 square feet
OhioAthens, OhioLeased3,000 square feet
Orlando / Limbach Collaborative Services / CorporateLake Mary, FloridaLeased60,794 square feet
OrlandoOrlando, FloridaLeased4,240 square feet
Southeastern FloridaBoynton Beach, FloridaLeased9,631 square feet
Tampa / CorporateTampa, FloridaLeased13,739 square feet
Western Pennsylvania / CorporateWarrendale, PennsylvaniaLeased19,718 square feet
Western PennsylvaniaGreensburg, PennsylvaniaLeased5,000 square feet
Other Properties:
Southern CaliforniaSeal Beach, California(3)Leased88,507 square feet
CorporateBronxville, New YorkLeased250 square feet

(1) The Company holds a shared space working arrangement in which it pays a monthly fee to utilize certain co-working space and common office amenities.

(2) On September 29, 2022, Limbach Company LLC and Royal Oak Acquisitions consummated the purchase of this real property under a sale and leaseback transaction. In connection with the sale and leaseback transaction, LC LLC and Featherstone St Pontiac MI LLC entered into a lease agreement for the Pontiac facility. See Note 7 – Debt in the accompanying notes to the Company’s consolidated financial statements for further information on the Sale-Leaseback Financing Transaction.

(3)In June 2021, the Company entered into a sublease agreement with a third party for the entire ground floor of its leased space in Southern California, consisting of 71,787 square feet. During the first quarter of 2022, the Company entered into an amendment to the aforementioned sublease agreement, which, among other things, expanded the sublease premises to include the entire second floor of its leased space in Southern California, consisting of 16,720 square feet. See Note 14 – Leases in the accompanying notes to the Company’s consolidated financial statements for further information on the Southern California Sublease.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.