Blackstone reports 67.2% stake in Legence Corp
Legence Corp. received an amended Schedule 13G showing that a group of Blackstone-affiliated entities collectively report majority ownership of its Class A common stock.
Rhea-AI Filing Summary
Legence Corp. received an amended Schedule 13G showing that a group of Blackstone-affiliated entities collectively report majority ownership of its Class A common stock. The filing, dated for an event on December 31, 2025, covers Class A shares with par value $0.01 per share.
As of that date, Legence Parent ML LLC directly holds 178,571 shares of Class A common stock and 41,479,954 additional shares issuable in exchange for an equivalent number of Class B Units of Legence Holdings LLC on a one-for-one basis. Legence Parent II ML LLC directly holds 25,642,999 shares of Class A common stock.
After applying the Schedule 13D/G ownership rules, multiple related entities – including BCP 8/BEP 3 Holdings Manager L.L.C., various Blackstone funds and holding vehicles, and Stephen A. Schwarzman as controlling person – each report beneficial ownership of 67,301,524 shares of Class A common stock, or 67.2% of the class. This percentage is calculated using 58,656,167 Class A shares outstanding as of December 11, 2025, plus the assumed issuance of 41,479,954 Class A shares upon exchange of Class B Units held by Legence Parent ML LLC. The reporting persons state that beneficial ownership among them is "expressly disclaimed" under the Exchange Act.
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FAQ
What does the Schedule 13G/A filing reveal about Legence Corp. (LGN) ownership?
What percentage of Legence Corp. (LGN) Class A common stock is reported as beneficially owned?
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Which entities are included as reporting persons for Legence Corp. (LGN) in this 13G/A?
How was the ownership percentage in Legence Corp. (LGN) calculated in the filing?
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