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) agreed to acquire The Bowers Group for approximately $475 million, combining cash $325M, stock ~$100M, and $50M deferred consideration. The deal expands Legence’s mechanical capabilities in the Northern Virginia/DC metro market and adds > 370,000 sq ft of fabrication capacity and ~1,700 employees. Bowers reported ~$767M revenue, $72M EBITDA and $69M net income for the twelve months ended Sept 30, 2025, with backlog and awards of ~$1.3B. Legence expects Bowers to generate $825M–$875M revenue and $75M–$85M non‑GAAP EBITDA in 2026. Transaction funding includes cash on hand, revolver borrowings and an anticipated $150M term‑loan upsize; pro forma net leverage ~2.9x. Closing expected Q1 2026, subject to customary conditions and regulatory approval.
Legence (Nasdaq: LGN) will release third quarter results for the period ended September 30, 2025 on Friday, November 14, 2025, before the market opens. The company will host an earnings conference call and live webcast on November 14, 2025 at 10:00 am ET to review results and operations.
The call is listen-only and will be broadcast via the company’s investor website at https://investors.wearelegence.com/. A replay of the webcast and the slide presentation will be available on the same site shortly after the call and remain accessible through December 14, 2025.
Legence (Nasdaq: LGN) amended its credit facilities on October 30, 2025, improving liquidity and extending maturities.
The $798 million Term Loan maturity was extended three years to December 16, 2031 and repriced to SOFR + 2.25%, a 25 basis point reduction. The company also amended its Revolving Credit Facility, increasing the commitment to $200 million from $90 million, extending maturity to September 22, 2030, and setting the revolver rate to SOFR + 2.25%.
The company said proceeds from its recent IPO were used to repay debt and that the amendments, together with strong cash flow, enhance financial flexibility to support growth and strategic priorities.
Legence (NASDAQ:LGN) has successfully completed its Initial Public Offering (IPO), selling 26,000,000 shares of Class A common stock at $28.00 per share. The underwriters also partially exercised their option to purchase an additional 3,487,627 shares.
The company began trading on the Nasdaq Global Select Market on September 12, 2025, raising net proceeds of approximately $780.2 million after deducting underwriting discounts and commissions. The funds will be used to repay a portion of outstanding term loan borrowings and for general corporate purposes.
The IPO was led by Goldman Sachs and Jefferies as joint lead book-running managers, with several other prominent financial institutions serving as bookrunners and co-managers.
Legence (NASDAQ:LGN) has announced the pricing of its initial public offering, offering 26 million shares of Class A common stock at $28.00 per share. The company expects to raise approximately $688 million in net proceeds after deducting underwriting discounts and commissions.
Trading is set to commence on September 12, 2025, on the Nasdaq Global Select Market under the ticker symbol "LGN". The underwriters have a 30-day option to purchase up to 3.9 million additional shares. The proceeds will be used to repay a portion of outstanding term loan borrowings and for general corporate purposes.
Goldman Sachs and Jefferies are serving as joint lead book-running managers for the offering, which is expected to close on September 15, 2025.