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  "documentTitle": "Limbach Holdings, Inc. (LMB)",
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  "presentationDate": "2025-07-22 00:00:00",
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      "text": "Agellus Capital, which backs the Bluejack Fire & Life Safety platform, notes that it considers add-ons of any size, underscoring how platform companies and their PE sponsors are aggressively pursuing even the smallest deals in their push for scale.",
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      "text": "PremiStar, a Partners Group backed platform, has already made several acquisitions in 2025. PremiStar's target companies are between $10-$100 million in revenue, directly overlapping Limbach's target universe.",
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      "text": "PremiStar acquisition news snippets showing recent activity in HVAC services.",
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      "text": "Limbach's acquisitions over the last five years have been on companies generating between $10-$120 million in revenue and between $1-$10 million in EBITDA at the time of acquisition, placing Limbach's target companies squarely in the sights of some of the largest PE backed platforms in the sector.",
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      "kind": "paragraph",
      "text": "We build platforms in essential, non-discretionary services markets. We focus exclusively on essential, non-discretionary services industries. We target the following company size ranges: Platforms: $2 to $25 million of EBITDA, Add-ons: Any Size",
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      "text": "Source: PremiStar News, Agellus Capital Investment Criteria, PremiStar's acquisitions program, Red line emphasis by Spruce Point",
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      "text": "Major PE Platforms Are Likely Looking At The Same Deals As Limbach",
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