Highest-materiality recent filing
Legence Q2 revenue $1.26B (+111% YoY), raises FY2026 guidance
Q2 revenue $1.26B, up 111% YoY; ex-Bowers acquisition, revenue grew 60% YoY.
Legence Q1 revenue $1.04B (+105% YoY); raises FY26 guidance; record backlog $5.38B
Revenue of $1.04B, up 105.1% YoY; ex-Bowers organic growth 57.1%.
Legence posts record Q4 revenue of $737.6M (+34.6% YoY); raises FY2026 guidance
Q4 revenue $737.6M, up 34.6% YoY; adjusted EBITDA grew 53% YoY.
Bowers FY2025 revenue $767M, net income $68.6M; Legence acquires 100% equity
Bowers earned revenue $766,995,789 in FY2025, up 38% from $554,791,720 in FY2024.
Legence closes Bowers acquisition: $325M cash, 2.55M shares, up to $50M deferred
Upfront consideration: $325M cash plus 2.55M shares of Class A common stock.
Blackstone affiliates borrow $650M, pledge ~72% of Legence Corp. shares as collateral
Affiliates of Legence's majority owner Blackstone borrowed $650M via margin loans from Goldman Sachs-led syndicate.
Legence acquires Bowers for ~$475M; LTM revenue $767M, EBITDA $72M
Deal: ~$325M cash + ~$100M stock at close, plus up to $50M deferred payable by Dec 31, 2026 in cash/stock.
Legence Q3 revenue $708M (+26% YoY), Adj. EBITDA $88.8M (+39%), acquires Bowers for $475M
Q3 revenue $708.0M (+26% YoY), gross margin 20.9%; Non-GAAP Adj. EBITDA $88.8M (+39%) from $64.0M.
Legence Corp refi: $798M term loan extended to 2031, revolver expanded to $200M at SOFR+2.25%
Refinanced $798M term loan facility maturing December 16, 2031 (3-year extension) at SOFR + 2.25% (25 bps reduction).
Legence Corp. completes IPO of 29.5M shares at $28.00/share, repays debt
Closed IPO of 26,000,000 Class A shares at $28.00; underwriters exercised over-allotment for 3,487,627 additional shares.
appointed Mr. Robert Crisci to the Board as a Class II director to fill the vacancy created by such increase, effective as of August 18, 2026.
Max materiality 0.90 · Median 0.75 · Most common event earnings