Decatur County Industrial Air Park

Limbach Holdings, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2023.

Key Points: 
  • Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced its financial results for the quarter ended September 30, 2023.
  • Michael McCann, Limbach’s President and Chief Executive Officer, said, “Our third quarter results reflected continued success across all three pillars of our growth strategy.
  • Early in the third quarter, we acquired ACME Industrial based in Chattanooga, Tennessee, which is a tuck-in deal that we’re excited about.
  • During the third quarter, Limbach received $15.6 million of cash, net, from the settlement of a previously outstanding claim.

Limbach Holdings, Inc. Acquires Greensboro, NC – Based Specialty Mechanical Contractor Industrial Air, LLC

Retrieved on: 
Thursday, November 2, 2023

Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced the closing of the acquisition of Industrial Air, LLC (“IA”), a specialty mechanical contractor based in Greensboro, North Carolina, for an initial enterprise value of $13.5 million in an all-cash transaction.

Key Points: 
  • Limbach Holdings, Inc. (Nasdaq: LMB) (“Limbach” or the “Company”) today announced the closing of the acquisition of Industrial Air, LLC (“IA”), a specialty mechanical contractor based in Greensboro, North Carolina, for an initial enterprise value of $13.5 million in an all-cash transaction.
  • IA’s business model aligns well with Limbach’s focus on executing on ODR opportunities and providing critical solutions to owners of sophisticated manufacturing and process facilities.
  • IA expects to contribute on average an estimated $30.0 million in revenue and $4.0 million in EBITDA annually.
  • I am looking forward to continuing to lead the IA business unit, and to growing our presence in mission critical markets.”

CECO ENVIRONMENTAL REPORTS SECOND QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, August 8, 2023

DALLAS, Aug. 8, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the second quarter of 2023.

Key Points: 
  • DALLAS, Aug. 8, 2023 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the second quarter of 2023.
  • Second quarter operating income was $8.6 million, up $2.9 million when compared to $5.7 million in the second quarter of 2022.
  • Net income was $3.7 million in the quarter, down $0.7 million compared to $4.4 million in the second quarter of 2022.
  • Free cash flow in the quarter was $10.0 million, down $9.1 million compared to $19.1 million in the second quarter of 2022.

Streamline Innovations Raises Growth Capital to Fund Expansion and Meet Rising Demand for Emissions Solutions

Retrieved on: 
Thursday, June 16, 2022

This ESG rating validates Streamlines green technology as a solution for helping industry move forward to a sustainable and clean future.

Key Points: 
  • This ESG rating validates Streamlines green technology as a solution for helping industry move forward to a sustainable and clean future.
  • We are thrilled to partner with Kayne Anderson and strengthen our relationship with Riverstone with this growth capital financing, said David Sisk, Co-Founder and CEO.
  • We invested in Streamline recognizing its growth potential and are excited to contribute our capital and experience to help scale the business.
  • Their green solutions are exactly what the industry needs to improve environmental performance, reduce emissions and achieve overall sustainability goals.

Streamline Innovations Expands into Saudi Arabia, Partners with Zamil Group Trade & Services

Retrieved on: 
Wednesday, January 12, 2022

Streamline Innovations, Inc. (Streamline) and Zamil Group Trade & Services (Zamil), a trading company and supplier to the energy industry, are pleased to announce a partnership to market and deploy Streamlines environmentally forward treatment solutions for hydrogen sulfide (H2S) in the Kingdom of Saudi Arabia (KSA).

Key Points: 
  • Streamline Innovations, Inc. (Streamline) and Zamil Group Trade & Services (Zamil), a trading company and supplier to the energy industry, are pleased to announce a partnership to market and deploy Streamlines environmentally forward treatment solutions for hydrogen sulfide (H2S) in the Kingdom of Saudi Arabia (KSA).
  • Zamil is an established, well-respected company with a long track record of successfully introducing new technology to Saudi Arabia and beyond.
  • The establishment of this relationship with Streamline Innovations comes at an important time for the Kingdom of Saudi Arabia, said Khalid Al Zamil, Chairman.
  • Zamil Group Trade & Service is affiliated to Zamil Group.

Streamline Innovations Announces Sustainability-Linked Loan Financing with Riverstone Credit Partners to Fund Growth and Meet Increasing Demand

Retrieved on: 
Thursday, December 2, 2021

The Financing is a Delayed Draw Term Loan and is structured as a Sustainability-Linked Loan to facilitate and support environmentally sustainable economic activity and growth.

Key Points: 
  • The Financing is a Delayed Draw Term Loan and is structured as a Sustainability-Linked Loan to facilitate and support environmentally sustainable economic activity and growth.
  • Proceeds from the Financing will be used to construct Valkyrie plants for treating natural gas production streams contaminated with toxic and corrosive H2S.
  • The Financing is being provided by Riverstone Credit Partners, LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (Riverstone).
  • Chris Abbate, a Partner at Riverstone, said, We are pleased to partner with Streamline to expand their Valkyrie treatment plant footprint.

Million Air Asks Federal Court To Reject County's Attempt To Dismiss $30m Lawsuit

Retrieved on: 
Tuesday, September 7, 2021

WHITE PLAINS, N.Y., Sept. 7, 2021 /PRNewswire/ -- Attorneys for Million Air are asking the Federal District Court to reject Westchester County's Motion to Dismiss the company's $30 million lawsuit charging the County with ongoing breaches of contract and bad faith conduct in conjunction with Million Air's plan to construct a new aircraft hangar at Westchester County Airport.

Key Points: 
  • WHITE PLAINS, N.Y., Sept. 7, 2021 /PRNewswire/ -- Attorneys for Million Air are asking the Federal District Court to reject Westchester County's Motion to Dismiss the company's $30 million lawsuit charging the County with ongoing breaches of contract and bad faith conduct in conjunction with Million Air's plan to construct a new aircraft hangar at Westchester County Airport.
  • It further states that the County "compounded this breach" by failing to cooperate with Million Air in obtaining necessary environmental and regulatory approvals.
  • Million Air is a highly regarded provider of private aviation services with locations across the United States and globally.
  • The lease provides that Million Air can construct "additional hangars" at the airport and that the County may not unreasonably refuse to approve of such new hangars.