Backlog And DemandLegence has a record backlog of $2.8 billion, which was up 29% year over year, indicating strong demand for its services.
Customer BaseLegence is a pure-play provider of mechanical, electrical, and plumbing systems in the US, focusing on repeat business with blue-chip customers, with 60% of Nasdaq-100 companies as clients.
Investment BenefitsThe company is well-positioned to benefit from the significant investment cycle in data centers, advanced manufacturing, and healthcare.
Market PositioningLegence differentiates itself in the MEP space by being a 'one stop shop,' which reduces change orders and results in a lower total cost, aiding win rates and customer retention.