Legence announced that it has signed a definitive agreement to acquire The Bowers Group, a leading mechanical contractor based in Beltsville, Maryland. The deal represents a significant expansion of Legence’s mechanical capabilities across the Northern Virginia and Washington, DC metropolitan region while deepening its reach into the data center, technology, healthcare, and life sciences sectors.
Founded in 1984, Bowers has built a strong reputation for delivering complex mechanical and plumbing solutions for mission-critical facilities. The company serves some of the most demanding clients in the region and is recognized as one of the top mechanical contractors in what is widely known as “Data Center Alley.” Bowers brings an experienced team of nearly 1,700 employees, including an extensive roster of skilled union craftspeople, as well as a senior leadership team with decades of tenure at the firm.
The acquisition substantially expands Legence’s fabrication footprint, adding more than 370,000 square feet of mechanical fabrication capacity strategically positioned to support clients across the East Coast, Southeast, and Midwest. With modular fabrication increasingly sought after in the data center industry, Legence will be placed to accelerate delivery timelines, increase efficiency, and broaden its capabilities.
Bowers generated approximately $767 million in revenue over the twelve months ending September 30, 2025, along with $72 million in EBITDA on a non-GAAP basis. The company also reported roughly $1.3 billion in backlog and awarded work as of the same date. For calendar year 2026, Legence expects Bowers to produce between $825 million and $875 million in revenue and non-GAAP EBITDA between $75 million and $85 million. The transaction is expected to make a meaningful contribution to Legence’s financial performance and deliver attractive returns.
Legence will acquire Bowers for approximately $475 million through a mix of $325 million in cash, $100 million in Legence Class A common stock, and $50 million in deferred consideration payable at the end of 2026 in either cash or stock. Cash funding will come from cash on hand, borrowings under its revolving credit facility, and an anticipated $150 million increase to its term loan, supported by a commitment from its agent bank. Following the closing, pro forma net leverage is expected to be approximately 2.9 times.
The transaction is targeted to close in the first quarter of 2026, subject to customary closing conditions and regulatory review. Legence will hold a conference call and webcast on November 14, 2025, to discuss the acquisition, with materials available on its investor relations website.
KEY QUOTES:
“This acquisition marks an exciting new chapter for Legence and further accelerates our strategy to deliver comprehensive building solutions to more clients in complex and high-growth sectors. Our organizations share a culture and commitment to innovation, excellence, and client-focused service. The integration of our operational teams is expected to foster collaboration and knowledge sharing, further enabling our continued growth.”
“With the addition of Bowers, we are unlocking new opportunities to deliver value for our clients and shareholders in ‘Data Center Alley,’ where they are one of the leading mechanical contractors for data center clients. We believe the combined expertise and expanded capabilities will enable us to drive growth across key end markets at attractive rates of return.”
Jeff Sprau, Chief Executive Officer, Legence
“For over forty years, Bowers has developed into one of the leading mechanical contractors in our region. Joining Legence is a tremendous opportunity for our people. We are excited to leverage Legence’s resources and expertise to further innovate and deliver exceptional mechanical solutions to our clients. With Legence, we believe we are better positioned to reach our full potential as a company and create greater opportunities for our employees.”
Rich Harrington, Chief Executive Officer, Bowers
