Legence prices upsized secondary offering at $45 per share

Legence Corp. (NASDAQ: LGN) announced the pricing of an upsized secondary public offering of 8,402,178 shares of Class A common stock at $45.00 per share. The shares are being sold by stockholders affiliated with Blackstone Inc.

The selling stockholders granted underwriters a 30-day option to purchase up to an additional 1,260,326 shares under the same terms. The offering is expected to close on or about December 16, 2025, subject to customary closing conditions.

Legence will not sell any shares in the offering and will not receive any proceeds from the sale. Goldman Sachs & Co. LLC and Jefferies are serving as joint lead book-running managers for the transaction.

The offering includes 14 additional bookrunners: Morgan Stanley, BofA Securities, Barclays, BMO Capital Markets, MUFG, RBC Capital Markets, Societe Generale, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, BTIG, Roth Capital Partners, Rothschild & Co, Santander and Stifel. Seven firms are acting as co-managers.

A Registration Statement on Form S-1 relating to the securities has been filed with and declared effective by the Securities and Exchange Commission. The offering is being conducted through a prospectus meeting Securities Act requirements.

Legence provides engineering, consulting, installation and maintenance services for mission-critical building systems. The company specializes in HVAC, process piping and other mechanical, electrical and plumbing systems, serving clients that include over 60% of the Nasdaq-100 Index companies.

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