Legence Corporation announced the acquisition of The Bowers Group for $475 million. The deal includes $325 million in cash, $100 million in LGN Class A shares, and $50 million in deferred consideration. The acquisition will be funded with a combination of cash and debt, with closing expected in Q1 2026. Bowers is projected to have adjusted EBITDA of $75-85 million on revenue of $825-875 million for 2026. In the 12-month period ending September 30, Bowers reported a net income of $69 million, adjusted EBITDA of $72 million, and revenue of approximately $767 million.

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