Eight Quarter Advisors Announces Acquisition of Innovative Mechanical & Design by Legence Corp.

Rhea-AI Summary

Legence (Nasdaq: LGN) announced the acquisition of Innovative Mechanical & Design (IMD) on December 2, 2025, with Eight Quarter Advisors serving as sell-side advisor.

IMD, based in Northern Colorado, reported a 70% CAGR over the last four years and serves healthcare, pharmaceutical, higher education, semiconductor, and hyperscaler customers. The deal is described as expanding Legence's installation, service, maintenance, and fabrication capabilities and deepening relationships with Fortune 100 and Nasdaq-100 clients. Legence is backed by Blackstone and positions IMD to scale nationally while retaining its existing operations and client focus.

Positive

• 70% CAGR at IMD over the last four years
• Expands Legence service, maintenance, and fabrication capabilities
• Strengthens relationships with Fortune 100 and Nasdaq-100 clients
• Provides IMD a national platform via Legence/Blackstone backing

Negative

• None.

Insights

M&A Strategist

Acquisition strengthens Legence's national footprint and secures a fast-growing regional services provider.

Legence acquires Innovative Mechanical & Design, integrating a Northern Colorado installer and service partner that serves healthcare, pharmaceutical, higher education, semiconductor, and hyperscaler clients.

The deal leverages Legence's national platform and Blackstone backing to scale IMD's fabrication, service and maintenance capabilities while preserving existing client relationships. The seller's stated 70% CAGR over the last four years and IMD's work for Fortune 100 customers provide clear commercial rationale.

Watch integration milestones over the next 12–24 months, including retention of key IMD leadership, consolidation of sales pipelines, and measurable service-capacity expansion by Dec. 2, 2025.

Operations & Integration Expert

Operational scale from Legence should relieve IMD's growth constraints if integration preserves execution quality.

IMD faces operational strain from rapid growth; Legence brings broader resources and a national platform to support larger, complex clients. The acquisition aims to enhance IMD's fabrication and maintenance capacity and to offer customers a unified national service model.

Main risks include loss of service quality during integration and potential client friction if processes change. Monitor client retention metrics, service-level agreements, and any announced capacity investments in the first 12 months following the transaction.

Key near-term items to track: leadership retention, announced integration roadmap, and quantified service-capacity targets within 12 months of the close.

DENVER, Dec. 2, 2025 /PRNewswire/ -- Eight Quarter Advisors ("EQA"), is pleased to announce its role as the sell-side transaction advisor to Innovative Mechanical & Design, LLC ("IMD") in its acquisition by Blackstone-backed Legence Corp. (Nasdaq: LGN) ("Legence"), a national provider of MEP engineering, consulting, installation, and maintenance services for mission-critical systems. Serving some of the world's most technically demanding sectors, Legence counts over 60% of the Nasdaq-100 Index among its clientele. 

Based in Northern Colorado, IMD has rapidly grown to become one of the preferred installation and service partners to the largest healthcare, pharmaceutical, higher education, semiconductor, and hyperscaler organizations operating in the region. "Legence gives us the resources to grow and the platform to compete at a national level while keeping in place what has made IMD an invaluable partner to our clients," said Josh Fair, founder and president of IMD. 

The alignment with Legence establishes a strategic platform for expansion within the market and further strengthens IMD's service and maintenance offerings, fabrication capabilities, and its relationships among Fortune 100 companies. "IMD was being tested by its own success. 70% CAGR the last 4 years and clients needing more. The challenge of supporting that kind of trajectory is not to be taken lightly. Legence has the presence, culture, and competitive fire to meet that challenge," noted Matt Willimas, managing director at EQA.

"EQA understood our story and showed us the value of bringing that story to the market," further remarked Josh Fair. "They brought the right partners to the table and delivered an outcome that far exceeded our initial expectations."

About Eight Quarter Advisors

Eight Quarter Advisors (EQA), a Denver and Boston-based M&A advisory firm, provides transaction representation to exceptional lower middle-market companies that appeal to the institutional buyer markets, but often do not fit the client profile of traditional middle-market investment banks. The firm was founded to provide a level of knowledge, experience, and transaction sophistication that is rarely accessible to a market that stands to benefit from it most.

For more information about this acquisition or Eight Quarter Advisors visit EightQuarterAdvisors.com

Note: This press release is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities.

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SOURCE Eight Quarter Advisors

FAQ

What did Legence (LGN) acquire on December 2, 2025?

Legence acquired Innovative Mechanical & Design (IMD), with Eight Quarter Advisors as sell-side advisor.

How fast did IMD grow before the acquisition by Legence (LGN)?

IMD reported a 70% compound annual growth rate over the last four years.

What services does Legence (LGN) gain from buying IMD?

Legence expands its MEP installation, service, maintenance, and fabrication capabilities.

Which customer sectors does IMD serve that benefit Legence (LGN)?

IMD serves healthcare, pharmaceutical, higher education, semiconductor, and hyperscaler organizations.

Will the IMD team remain in place after the Legence (LGN) acquisition?

The announcement states IMD will keep in place what made it valuable to clients while scaling nationally under Legence.

Who advised IMD on the sale to Legence (LGN)?

Eight Quarter Advisors acted as the sell-side transaction advisor to IMD.