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Legence Announces Secondary Underwritten Public Offering of Class A Common Stock
Globenewswire· 2025-12-09 21:11
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] 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 over 60% of the Nasdaq-100 Index among its clients [5] Offering Details - The offering will not involve Legence selling any shares or receiving proceeds; instead, it is solely for the selling stockholders affiliated with Blackstone Inc. [2] - Goldman Sachs & Co. LLC and Jefferies are the joint lead book-running managers for the offering, with Blackstone Capital Markets acting as a co-manager [2] - The shares are being offered under a Registration Statement filed with the SEC on December 9, 2025, which has not yet become effective [4]