Kirkland Advises Legence on Agreement to Acquire Bowers
Kirkland & Ellis advised Legence Corp. (Nasdaq: LGN) on its definitive agreement to acquire The Bowers Group, Inc., a premier mechanical contractor providing mechanical and plumbing solutions for complex building systems in the Northern Virginia and D.C. metro region. The acquisition consideration is approximately $475 million, consisting of $325 million in cash, subject to certain purchase price adjustments, approximately $100 million of Legence’s Class A common stock, and an additional $50 million of deferred consideration to be paid at the end of 2026 in cash or Legence’s Class A common stock, at Legence’s discretion. The transaction is expected to close in the first quarter of 2026, pending customary closing conditions and regulatory approval.
The Kirkland team included corporate lawyers Zach Savrick, Mike Bassi, Kyle Watson, Bilal Iftikhar and Miles Matey; capital markets lawyers Michael Rigdon, Billy Vranish and Kristin Kluding; debt finance lawyers Yuli Wang and Charlie Kilgore; tax lawyers Mark Dundon, Joe Tobias and Brooke Schafer; and executive compensation lawyers Stephen Jacobson and James Sprague.
