Legence Completes $325 Million Acquisition of Bowers Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Source: Globenewswire
- Acquisition Completed: Legence Corp. has successfully completed its acquisition of The Bowers Group for $325 million, marking a significant milestone in its growth strategy and expected to enhance its service capabilities in Northern Virginia and the DC Metro area.
- Diverse Funding Sources: The acquisition was financed through a combination of cash on hand, borrowings from a revolving credit line, a $200 million upsizing of Legence's term loan, and the issuance of approximately 2.55 million shares of Class A common stock, demonstrating the company's financial flexibility and strength.
- Future Growth Potential: With over 40 years of expertise in mechanical, plumbing, and process system solutions, Bowers is expected to enhance Legence's service quality and market share, further solidifying its leadership position in technically demanding sectors.
- Strategic Synergies: This acquisition will not only enhance Legence's service offerings but also drive long-term performance growth by providing more comprehensive solutions to meet customer needs, thereby increasing customer satisfaction.
Analyst Views on LGN
Wall Street analysts forecast LGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGN is 45.40 USD with a low forecast of 37.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
About LGN
Legence Corp. is a provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company operates through two segments: Engineering & Consulting, and Installation & Maintenance. Its Engineering & Consulting includes Engineering & Design, and Program & Project Management. The Engineering & Consulting segment designs heating, ventilation and air conditioning (HVAC) and other mechanical, electrical and plumbing (MEP) systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable, and provides program and project management services for clients’ installation and retrofit projects. Its Installation & Maintenance includes Installation & Fabrication, and Maintenance & Service. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
