---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-281519"
form_type: "8-K"
ticker: "LGN"
cik: "0002052568"
company_name: "Legence Corp."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:59:29.799982+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Legence acquires Bowers for ~$475M; LTM revenue $767M, EBITDA $72M

## Summary
- Deal: ~$325M cash + ~$100M stock at close, plus up to $50M deferred payable by Dec 31, 2026 in cash/stock.
- Bowers LTM (Sep 2025): $767M revenue, $69M net income, $72M EBITDA; backlog/awards ~$1.3B.
- Bowers has ~1,700 employees, 370k sq ft fabrication; leading data-center mechanical contractor in DC Metro.
- Closing expected Q1 2026; subject to HSR and customary conditions; Jefferies committed $150M incremental term loan.

## SEC filing metadata
- accession: 0001193125-25-281519
- form_type: 8-K
- ticker: LGN
- cik: 0002052568
- company_name: Legence Corp.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052568/000119312525281519/0001193125-25-281519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052568/000119312525281519/d33982d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-281519
- JSON: https://secwatch.observer/filing/0001193125-25-281519.json
- Plain text: https://secwatch.observer/filing/0001193125-25-281519.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.