Limbach Holdings Inc. Announces Senior Leadership Promotions

Limbach Holdings, Inc. (NASDAQ: LMB) ("Limbach" or the "Company") announced the appointment and promotion of two key senior leaders into new or expanded roles to help drive the Company’s Owner-Direct Business and operational efficiency.

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Senior Leadership Promotions (Photo: Business Wire)

Scott Wright has been promoted to Executive Vice President - Legal & Risk Management. Since joining Limbach in 2006, and serving as general counsel since 2012, Scott has consistently demonstrated his indispensable value in helping us achieve our strategic objectives, whether that be through leading our internal Legal and Risk Management Team or providing his unique business and legal perspective. As a public company, Scott serves as our guardian, guiding, implementing, and managing the right regulatory and policy matters. Scott’s extensive experience and longstanding commitment to Limbach provides us with a unique and insightful perspective, contributing invaluable input and guidance that has significantly influenced our current positioning within the industry.

Dominick Traina has been promoted to Executive President of Shared Services. Dominick originally joined the Limbach family as Harper Limbach’s Vice President of Finance in 2015. After excelling in this role, he was promoted to become Limbach's Senior Vice President of Operational Finance in 2020, where he led the development of our Shared Services team. Throughout his eight-year tenure, Dominick has consistently demonstrated operational excellence and exceptional leadership qualities. In his new role, Dominick will lead our Shared Services team, Limbach Collaborative Services, Branch Finance, Financial Planning & Analysis (FP&A), and Continuous Improvement efforts across the company. With his extensive knowledge and capabilities, we will look to Dominick to enhance our operational efficiency, financial performance, and overall organizational effectiveness.

“We are proud to have both Scott Wright and Dominick Traina as members of our Senior Leadership Team and are confident that their continued leadership will propel us even further in the future,” CEO Mike McCann commented. “I am incredibly proud to see Scott and Dominick take on expanded leadership roles within the company. Creating great opportunities for our people is at the core of our We Care culture, and we would not be positioned where we are today if it weren't for their unique skill sets and invaluable leadership. I want to congratulate both Scott and Dominick on their well-deserved promotions.”

About Limbach

Limbach is a building systems solutions firm with expertise in the design, prefabrication, installation, management and maintenance of heating, ventilation, air-conditioning (“HVAC”), mechanical, electrical, plumbing and controls systems. With over 1,500 team members and 17 offices located throughout the United States, we partner with institutions with mission-critical infrastructures, such as data centers and healthcare, industrial & light manufacturing, cultural & entertainment, higher education, and life science facilities. With Limbach’s full life-cycle capabilities, from concept design and engineering through system commissioning and recurring 24/7 service and maintenance, Limbach is positioned as a value-added and indispensable partner for building owners, construction managers, general contractors, and energy service companies.

Forward Looking Statements:

We make forward-looking statements in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to expectations or forecasts for future events, including, without limitation, the expected contribution from and related to our acquisition of ACME, our earnings, Adjusted EBITDA, revenues, expenses, backlog, capital expenditures or other future financial or business performance or strategies, results of operations or financial condition, and in particular statements regarding the impact of the COVID-19 pandemic on the construction industry in future periods, timing of the recognition of backlog as revenue, the potential for recovery of cost overruns, and the ability of Limbach to successfully remedy the issues that have led to write-downs in various business units. These statements may be preceded by, followed by or include the words “may,” “might,” “will,” “will likely result,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or similar expressions. These forward-looking statements are based on information available to us as of the date they were made and involve a number of risks and uncertainties which may cause them to turn out to be wrong. Some of these risks and uncertainties may in the future be amplified by the COVID-19 outbreak and there may be additional risks that we consider immaterial or which are unknown. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Please refer to our most recent annual report on Form 10-K, as well as our subsequent filings on Form 10-Q and Form 8-K, which are available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this press release.

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