Legence Announces Full Exercise and Closing of Over-allotment Option

Core Viewpoint - Legence Corp. announced the full exercise of an underwriters' option to purchase an additional 1,260,326 shares of its Class A common stock at a public price of $45.00 per share, following a previously announced upsized secondary underwritten public offering of 8,402,178 shares by selling stockholders affiliated with Blackstone Inc. [1] Group 1: Offering Details - The offering consisted of a total of 9,662,504 shares of Common Stock after the underwriters' option was exercised [1] - Legence did not sell any shares in the offering and did not receive any proceeds from the sale of shares by the Selling Stockholders [2] - Goldman Sachs & Co. LLC and Jefferies acted as joint lead book-running managers for the offering, with several other firms participating as bookrunners and co-managers [3] Group 2: Regulatory Information - A registration statement on Form S-1 relating to these securities has been filed with and declared effective by the Securities and Exchange Commission [4] - The offering was made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933 [4] Group 3: 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 [6] - The company enhances energy efficiency, reliability, and sustainability in both new and existing facilities, serving over 60% of the Nasdaq-100 Index among its clients [6]