v3.26.1
Goodwill and Intangibles (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The following table summarizes the carrying amount and changes in goodwill associated with the Company’s segments:
(in thousands)GCRODRTotal
Goodwill as of December 31, 2025$15,578 $55,022 $70,600 
Measurement period adjustments - Pioneer Power Transaction(1)
— 2,044 2,044 
Goodwill as of June 30, 2026$15,578 $57,066 $72,644 
(1)    The Company recorded cumulative measurement period adjustments during the six months ended June 30, 2026 primarily related to refinements of acquired working capital balances, including accounts payable, accrued expenses and other current liabilities, and contract liabilities, based on additional information regarding facts and circumstances that existed as of the acquisition date. The net effect of these adjustments was recorded as a corresponding adjustment to goodwill. See Note 3 – Acquisitions for further detail.
Schedule of Definite-Lived and Indefinite-Lived Intangible Assets
Intangible assets are comprised of the following:
(in thousands)Gross
carrying
amount		Accumulated
amortization		Net intangible
assets, excluding
goodwill
June 30, 2026
Amortized intangible assets:
Customer relationships$47,620 $(14,384)$33,236 
Backlog5,960 (5,960)— 
Trade name, trademarks and intellectual property5,550 (2,970)2,580 
Total amortized intangible assets59,130 (23,314)35,816 
Unamortized intangible assets:
Trade name – Limbach(1)
9,960 — 9,960 
Total unamortized intangible assets9,960 — 9,960 
Total amortized and unamortized assets, excluding goodwill$69,090 $(23,314)$45,776 
(1)    The Company has determined that its trade name has an indefinite useful life. The Limbach trade name has been in existence since the Company’s founding in 1901 and therefore is an established brand within the industry.
(in thousands)Gross
carrying
amount		Accumulated
amortization		Net intangible
assets, excluding
goodwill
December 31, 2025
Amortized intangible assets:
Customer relationships$47,620 $(11,741)$35,879 
Backlog5,960 (5,800)160 
Trade name, trademarks and intellectual property5,550 (2,362)3,188 
Total amortized intangible assets59,130 (19,903)39,227 
Unamortized intangible assets:
Trade name – Limbach9,960 — 9,960 
Total unamortized intangible assets9,960 — 9,960 
Total amortized and unamortized assets, excluding goodwill$69,090 $(19,903)$49,187