SAN JOSE, Calif., April 07, 2026 (GLOBE NEWSWIRE) -- Legence Corp. (NASDAQ:LGN) ("Legence" or the "Company") today announced the pricing of an upsized secondary underwritten public offering (the "offering") of 13,386,185 shares of its Class A common stock ("Common Stock") by selling stockholders affiliated with Blackstone Inc. (the "Selling Stockholders") at a price to the public of $54.00 per share. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 2,007,927 shares of Common Stock on the same terms and conditions. The offering is expected to close on or about April 9, 2026, subject to customary closing conditions.

Legence is not selling any shares of Common Stock in the offering and will not receive any proceeds from the sale of shares by the Selling Stockholders.

Goldman Sachs & Co. LLC, Jefferies and BofA Securities are acting as joint lead book-running managers. Morgan Stanley & Co. LLC, BMO Capital Markets, MUFG, RBC Capital Markets, Societe Generale, Barclays, Cantor, Guggenheim Securities, Wolfe | Nomura Alliance, BTIG, Roth Capital Partners, Rothschild & Co, Santander and Stifel are acting as bookrunners, and Blackstone Capital Markets, Tigress Financial Partners, C.L. King & Associates, Drexel Hamilton, Independence Point Securities, Loop Capital Markets and Penserra Securities LLC are acting as co-managers for the offering.

A Registration Statement on Form S-1 relating to these securities (the "Registration Statement") has been filed with, and declared effective by, the Securities and Exchange Commission (the "SEC"). The offering is being made only ...