Legence Corp. provides engineering, consulting, installation, and maintenance services for mission-critical building systems. Company updates focus on complex HVAC, process piping, and MEP work for new facilities, as well as upgrades to HVAC, lighting, and building controls in existing facilities.
Recurring announcements cover quarterly and annual results, backlog and awarded contracts, segment activity in Installation and Maintenance and Engineering and Consulting, and demand from technically demanding end markets such as data centers and technology, life sciences, healthcare, education, and government. Legence news also includes secondary offerings of Class A common stock by selling stockholders, shareholder voting matters, governance updates, and capital-structure disclosures.
Legence (Nasdaq: LGN) priced an upsized secondary underwritten offering of 13,386,185 Class A shares at $54.00 per share, with underwriters granted a 30-day option for up to 2,007,927 additional shares. The offering is expected to close on or about April 9, 2026.
Legence is not selling any shares in the offering and will receive no proceeds; selling stockholders are affiliated with Blackstone. A Registration Statement on Form S-1 has been declared effective by the SEC.
Legence (Nasdaq: LGN) announced that selling stockholders affiliated with Blackstone intend to offer 11,000,000 shares of Class A common stock in a secondary underwritten public offering on April 6, 2026. The underwriters have a 30-day option to purchase up to 1,650,000 additional shares.
Legence will not receive proceeds from the sale and will bear offering costs other than underwriting discounts and commissions. The proposed offering is being made from a Form S-1 registration filed April 6, 2026 and is not yet effective.
Legence (Nasdaq: LGN) reported record Q4 2025 revenue of $737.6 million (+34.6% YoY) and full-year 2025 revenue of $2.55 billion (+21.5%).
Non-GAAP adjusted EBITDA was $86.98 million in Q4 (+53%) and $298.8 million for FY2025 (+30%). Backlog and awards reached $3.7 billion (+49%). The company provided Q1 2026 and raised FY2026 revenue and adjusted EBITDA guidance.
Legence (Nasdaq: LGN) will release fourth-quarter and full-year 2025 results on Friday, March 27, 2026, before the market open. The company will host an earnings conference call and live webcast the same day at 10:00 am EST.
Investors can access the live listen-only broadcast, slide presentation, and a replay on the company investor website. The webcast replay will be available through April 27, 2026.
Legence (Nasdaq: LGN) announced that underwriters fully exercised the over-allotment option in its upsized secondary offering, purchasing an additional 1,260,326 shares of Class A common stock at $45.00 per share. The exercise closed on January 8, 2026. The offering totaled 8,402,178 shares by selling stockholders affiliated with Blackstone, and Legence did not sell any shares or receive proceeds. Goldman Sachs and Jefferies acted as joint lead book-running managers; multiple bookrunners and co-managers participated. A Form S-1 registration statement was filed and declared effective by the SEC.
Legence (Nasdaq: LGN) completed its acquisition of The Bowers Group on January 2, 2026, adding a premier mechanical contractor based in Beltsville, Maryland with over 40 years of experience serving the Northern Virginia and DC Metro area.
The purchase price included $325 million upfront funded by cash on hand, borrowings under the revolving credit facility, a $200 million upsizing of Legence’s term loan, and the issuance of approximately 2.55 million shares of Class A common stock. An additional $50 million of deferred consideration is payable at the end of 2026 in cash or Class A shares at the company’s discretion.
Legence (Nasdaq: LGN) priced an upsized secondary underwritten offering of 8,402,178 Class A shares by selling stockholders affiliated with Blackstone at $45.00 per share, with underwriters granted a 30‑day option to buy up to an additional 1,260,326 shares on the same terms. The offering is expected to close on or about December 16, 2025, subject to customary closing conditions.
Legence is not selling shares in the offering and will receive no proceeds from the sale. A Form S-1 registration statement has been filed and declared effective by the SEC; Goldman Sachs and Jefferies are joint lead book‑running managers.
Legence (Nasdaq: LGN) announced that selling stockholders affiliated with Blackstone intend to offer 7,000,000 shares of Class A common stock in a secondary underwritten public offering on December 9, 2025.
The underwriters have a 30-day option to purchase up to an additional 1,050,000 shares. Legence is not selling shares and will not receive proceeds; the company will pay offering costs except underwriting discounts and commissions. Goldman Sachs and Jefferies are joint lead book-runners; Blackstone Capital Markets is co-manager. The offering is being made under a Form S-1 filed with the SEC and is not yet effective.
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.
Legence (Nasdaq: LGN) reported record quarterly revenues of $708.0 million for Q3 2025, up 26.2% year-over-year, and non-GAAP Adjusted EBITDA of $88.8 million, up 38.9% year-over-year. Total backlog and awarded contracts reached $3.07 billion, a 29.4% increase, with a consolidated book-to-bill of 1.5x. The company used IPO net proceeds of $780.2 million to pay down term debt, reducing net debt to approximately $650 million and net leverage to 2.4x. Legence completed two tuck-in acquisitions (AZPE and IMD) and signed a definitive agreement to acquire Bowers for $475 million. Q4 2025 revenue guidance is $600M–$630M; full-year 2026 guidance is $2.65B–$2.85B revenue and $295M–$315M Adjusted EBITDA.