Legence Announces Secondary Underwritten Public Offering of Class A Common Stock

Core Viewpoint - Legence Corp. is conducting a secondary underwritten public offering of 7,000,000 shares of its Class A common stock, with an additional option for underwriters to purchase up to 1,050,000 shares [1][2]. Group 1: Offering Details - The offering is being made by selling stockholders affiliated with Blackstone Inc., and Legence will not sell any shares or receive any proceeds from the offering [2]. - Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers, while Blackstone Capital Markets is a co-manager for the offering [2]. Group 2: Company Overview - Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings, specializing in 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 technically demanding sectors and counting over 60% of the Nasdaq-100 Index among its clients [5].