Core Viewpoint - Legence (LGN.US) successfully launched its IPO on the US stock market, opening at $28.67, a 2.3% increase from the IPO price of $28, indicating strong market interest in the company [1] Company Overview - Legence operates in high-growth, high-technical-demand sectors, including technology (especially data centers), life sciences, healthcare, and education [1] - The company has a client base that includes over 60% of the companies listed in the NASDAQ-100 index [1] - With a history spanning over a century, Legence specializes in designing and installing HVAC systems and providing solutions to enhance building energy efficiency and sustainability [1] Financial Performance - For the 12 months ending June 30, 2025, Legence reported revenues of $2.2 billion [1] - The total value of uncompleted orders and awarded contracts reached $2.8 billion, indicating a strong backlog and future revenue potential [1] Strategic Growth - Blackstone Group acquired Legence (formerly known as Therma Holdings) from private equity firm Gemspring Capital in 2020 [1] - Following the acquisition, Legence expanded its capabilities through the acquisition of smaller competitors such as A.O. Reed, OCI Associates, and P2S, transforming from a regional HVAC contractor into a national energy services platform [1] - This strategic growth has resulted in a doubling of the company's valuation [1]
工程和维护服务提供商Legence(LGN.US)登陆美股市场 开盘涨2.3%
Zhi Tong Cai Jing·2025-09-12 17:28