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What smart money is saying about Legence Corp.United States flag

LGN · Industrials · Engineering & Construction · Market cap $2.78B

3 funds in our archive have pitched Legence Corp. — most recently Conestoga Capital Advisors in March 2026.

Company profile

Legence Corp., a company established in 1914 and based in San Jose, California, specializes in providing engineering, installation, and maintenance services for essential building systems throughout the United States. Its operations are structured into two key divisions: Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment focuses on designing HVAC and other mechanical, electrical, and plumbing (MEP) systems for various structures. It also develops strategies to improve energy efficiency and sustainability within buildings, while offering comprehensive program and project management for client installation and modernization initiatives. In contrast, the Installation & Maintenance segment is responsible for fabricating and integrating HVAC, process piping, and other MEP systems into both new and existing industrial, commercial, and institutional facilities, alongside delivering continuous preventative and corrective maintenance for these systems. Legence Corp. caters to a diverse range of industries, including data centers, semiconductor production, precision manufacturing, life sciences, healthcare, education, commercial real estate, and the public sector.

Fund coverage · 3 theses

  • Conestoga Capital Advisors
    March 2026

    Legence is a mission-critical building systems services company benefiting from AI infrastructure demand and a large growing backlog.

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  • Munro Climate Change Leaders Fund
    December 2025

    Legence Corp provides MEP services that improve building energy efficiency, leveraging a skilled workforce and strong exposure to fast-growing data center and life sciences markets.

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  • Munro Climate Change Leaders Fund
    September 2025

    Legence is an energy efficiency service provider with a skilled workforce and strong exposure to data centers, life sciences, and building retrofits.

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