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Stock impact report

Legence Completes Acquisition of Bowers

Legence Corp. - Class A Common stock (LGN) 
Company Research Source: GlobeNewswire
SAN JOSE, Calif., Jan. 02, 2026 (GLOBE NEWSWIRE) -- 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 cas Show less Read more
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