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The latest update is out from Legence Corp. Class A ( (LGN) ).
On November 13, 2025, Legence Corp. announced its entry into an Equity Purchase Agreement to acquire The Bowers Group, Inc., a Maryland-based mechanical contractor, for approximately $475 million. This strategic acquisition, expected to close in the first quarter of 2026, aims to expand Legence’s mechanical capabilities in the Northern Virginia and DC Metro area, particularly enhancing its position in the data center and healthcare markets. The transaction is anticipated to significantly contribute to Legence’s revenue and EBITDA, with Bowers expected to generate $825 million to $875 million in revenue in 2026. The acquisition will be funded through a combination of cash, stock, and debt financing, with a $150 million term loan facility commitment from Jefferies Finance LLC.
The most recent analyst rating on (LGN) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Legence Corp. Class A stock, see the LGN Stock Forecast page.
More about Legence Corp. Class A
Legence Corp. is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating, and installing complex HVAC, process piping, and other mechanical, electrical, and plumbing systems, enhancing energy efficiency, reliability, and sustainability in new and existing facilities.
Average Trading Volume: 1,162,508
See more data about LGN stock on TipRanks’ Stock Analysis page.