Legence Completes Acquisition of Bowers (Form 8-K)

Legence Completes Acquisition of Bowers

SAN JOSE, California - January 2, 2026 - Legence Corp. (Nasdaq: LGN) ("Legence" or the "Company") today announced that it has completed its previously announced acquisition of The Bowers Group ("Bowers"), a premier mechanical contractor headquartered in Beltsville, Maryland, with over 40 years of proven expertise in delivering high quality mechanical, plumbing, and process system solutions to clients in the Northern Virginia and DC Metro area.

"We are excited to officially welcome Bowers to the Legence organization and look forward to combining our expertise to enhance our service offering for our valued customers," said Jeff Sprau, Chief Executive Officer of Legence. "The completion of this acquisition marks an important milestone in our growth strategy, and we are confident that together, we will achieve even greater success."

As previously announced, the purchase price consisted of upfront cash consideration of $325 million, which was funded by a combination of cash on hand, borrowings under the Company's revolving line of credit, the $200 million upsizing of Legence's term loan facility and the issuance of approximately 2.55 million shares of Legence's Class A common stock. An additional $50 million of deferred consideration will be paid at the end of 2026, either in cash or Legence's Class A common stock, at the Company's discretion.

About Legence

Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. The Company specializes in designing, fabricating, and installing complex HVAC, process piping, and other mechanical, electrical and plumbing (MEP) systems - enhancing energy efficiency, reliability, and sustainability in new and existing facilities. Legence also delivers long-term performance through strategic upgrades and holistic solutions. Serving some of the world's most technically demanding sectors, Legence counts over 60% of the Nasdaq-100 Index among its clients.