secwatch.observer — SEC 8-K summary
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Issuer:     Legence Corp. (LGN)
CIK:        0002052568
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001193125-25-281519
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2052568/000119312525281519/0001193125-25-281519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2052568/000119312525281519/d33982d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-281519

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer