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Legence Corp. Class A ( (LGN) ) has shared an update.
On January 2, 2026, Legence Corp. completed its previously announced acquisition of The Bowers Group, a long-established mechanical contractor based in Beltsville, Maryland that serves clients across the Northern Virginia and Washington, D.C. metropolitan area. The transaction, which followed the expiration of the Hart-Scott-Rodino waiting period on December 31, 2025, was structured with an upfront purchase price of $325 million funded through a mix of cash on hand, borrowings under the company’s revolving credit facility, a $200 million incremental term loan under an amended 2020 credit agreement, and the issuance of approximately 2.55 million shares of Class A common stock, with an additional $50 million of deferred consideration due at the end of 2026 in cash or stock at Legence’s discretion. The deal expands Legence’s footprint and capabilities in mechanical, plumbing, and process system solutions, supports its stated growth strategy in mission-critical building services, and modestly increases financial leverage through new term debt while introducing further equity-based consideration for the seller.
The most recent analyst rating on (LGN) stock is a Buy with a $50.00 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 building systems. The company specializes in designing, fabricating, and installing complex HVAC, process piping, and broader mechanical, electrical and plumbing (MEP) systems to improve energy efficiency, reliability, and sustainability in both new and existing facilities, serving some of the world’s most technically demanding sectors, including over 60% of the Nasdaq-100 Index as clients.
Average Trading Volume: 1,054,372
Find detailed analytics on LGN stock on TipRanks’ Stock Analysis page.