Workflow
Building Systems Services
icon
Search documents
Legence Announces Pricing of Upsized Secondary Underwritten Public Offering of Class A Common Stock
Globenewswire· 2025-12-12 02:00
Core Points - Legence Corp. announced an upsized secondary underwritten public offering of 8,402,178 shares of its Class A common stock at a price of $45.00 per share, with an additional option for underwriters to purchase up to 1,260,326 shares [1] - The offering is expected to close on or about December 16, 2025, subject to customary closing conditions [1] - Legence is not selling any shares and will not receive any proceeds from the sale [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 systems [6] - 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 [6] Offering Details - Goldman Sachs & Co. LLC and Jefferies are acting as joint lead book-running managers for the offering, with several other firms participating as bookrunners and co-managers [3] - A Registration Statement on Form S-1 has been filed and declared effective by the SEC, with the offering being made only by means of a prospectus [4]
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][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].