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  "documentTitle": "Limbach Holdings, Inc. (LMB)",
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      "text": "NV5 was valued at 10x forward Adj. EBITDA in the deal, a roughly 50% discount to Limbach's current valuation, raising further concerns about the sustainability of Limbach's valuation.",
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      "text": "Acuren Corporation and NV5 Global, Inc. Announce Merger with $2 Billion Combined Revenue...",
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      "text": "NV5 Global (Nasdaq: NVEE), a leading provider of infrastructure and building services, was identified by the company as a comparable to Limbach as recently as its March 2024 investor presentation. Similar to Limbach, NV5 was as a roll-up story. NV5 recently announced it was entering into a merger with Acuren Corporation (NYSE:TIC). NV5 was valued at 10x forward Adj. EBITDA in the deal, a roughly 50% discount to Limbach's current valuation, raising further concerns about the sustainability of Limbach's valuation.",
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      "text": "The total consideration for NV5 is approximately $1.7 billion, representing approximately 10.3x 2025E consensus adjusted EBITDA. — Acuren Corporation and NV5 Global, Inc. Press Release",
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