Legence Announces Closing of Initial Public Offering and Partial Exercise of Overallotment Option

Company Overview - Legence Corp. is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings, specializing in complex HVAC, process piping, and other mechanical, electrical, and plumbing (MEP) systems [5] - The company enhances energy efficiency, reliability, and sustainability in both new and existing facilities, serving some of the world's most technically demanding sectors, with over 60% of the Nasdaq-100 Index among its clients [5] Initial Public Offering (IPO) Details - Legence announced the closing of its IPO, offering 26,000,000 shares of Class A common stock at a public price of $28.00 per share, with an additional 3,487,627 shares purchased by underwriters [1] - The IPO began trading on the Nasdaq Global Select Market under the ticker symbol "LGN" on September 12, 2025 [1] - The company received net proceeds of approximately $780.2 million after deducting underwriting discounts and commissions, which will be used for repaying a portion of outstanding borrowings and for general corporate purposes [1] Underwriters and Management - Goldman Sachs & Co. LLC and Jefferies acted as joint lead book-running managers for the offering, with several other financial institutions participating as bookrunners and co-managers [2]