Legence Corp. Completes Acquisition of Bowers Group

Reuters01-03

<a href="https://laohu8.com/S/LGN">Legence Corp.</a> Completes Acquisition of Bowers Group

Legence Corp. has completed its acquisition of The Bowers Group, a premier mechanical contractor based in Beltsville, Maryland. Bowers brings over 40 years of expertise in delivering mechanical, plumbing, and process system solutions to clients in the Northern Virginia and DC Metro area. The transaction included an upfront cash payment of $325 million, funded through a mix of cash on hand, borrowings, and the issuance of approximately 2.55 million shares of Legence’s Class A common stock. An additional $50 million in deferred consideration will be paid at the end of 2026, either in cash or stock at Legence’s discretion. According to Legence, this acquisition aims to enhance the company’s service offerings and marks a significant milestone in its growth strategy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Legence Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9619192-en) on January 02, 2026, and is solely responsible for the information contained therein.

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