Eight Quarter Advisors Announces Acquisition of Innovative Mechanical & Design by Legence Corp.

Core Insights - Eight Quarter Advisors ("EQA") acted as the sell-side transaction advisor for Innovative Mechanical & Design, LLC ("IMD") in its acquisition by Legence Corp., which is backed by Blackstone [1] - Legence is a national provider of MEP engineering, consulting, installation, and maintenance services, serving over 60% of the Nasdaq-100 Index clients [1] - IMD has experienced significant growth, achieving a 70% compound annual growth rate (CAGR) over the last four years, and aims to leverage Legence's resources for national expansion [1] Company Overview - IMD is based in Northern Colorado and has become a preferred partner for major sectors including healthcare, pharmaceuticals, higher education, semiconductors, and hyperscalers [1] - The acquisition is expected to enhance IMD's service and maintenance offerings, fabrication capabilities, and relationships with Fortune 100 companies [1] Strategic Implications - The partnership with Legence provides IMD with a strategic platform for market expansion and addresses the challenges posed by its rapid growth [1] - EQA's role in the transaction was highlighted as instrumental in bringing the right partners to the table and exceeding initial expectations [2]