Blackstone-Backed Legence Acquires Central Texas Industrial Contractors

What happened

Legence Corp., a Nasdaq-listed building systems company based in San Jose, California, acquired Central Texas Industrial Contractors (CTI), a mechanical contractor in Austin, Texas. The acquisition closed on November 1, 2026. Legence disclosed it on November 12, in its third-quarter 2026 results. The announcement did not include a purchase price.

The seller

Founded in 2010, CTI supports mission-critical infrastructure and has a strong presence in the semiconductor end market in central Texas. Its core work is high-purity process piping, plumbing, and HVAC for microelectronics, biopharmaceutical, and general industrial customers. The company installs and maintains the systems that carry critical gases, waters, and chemicals through a facility, such as ultrapure water and gas and chemical distribution systems. It also installs tools and equipment, fabricates sheet metal, and offers consulting and engineering. Its service work runs from scheduled maintenance and planned projects to emergency response.

The buyer

Legence provides engineering, consulting, installation, and maintenance services for mission-critical systems in buildings. It designs, fabricates, and installs HVAC, process piping, and other mechanical, electrical, and plumbing (MEP) systems. Legence is a Blackstone portfolio company and trades on Nasdaq under the ticker LGN. It has more than 100 offices and more than 8,000 technicians and craftspeople. Its clients include more than 60% of the companies in the Nasdaq-100.

In the same quarterly report, Legence said demand for its installation and fabrication services came primarily from data center and technology clients. CTI follows the company's January 2026 acquisition of The Bowers Group, a mechanical contractor in Beltsville, Maryland, with more than 40 years in mechanical, plumbing, and process systems.

Chief executive Jeff Sprau said, "Texas is a strategic geographic region for Legence. With CTI, we immediately establish a reputable platform to expand our business and support our customers in this region." He added that CTI "adds a high-quality list of new customers and shares a strong cultural alignment with Legence."

What this means for mechanical contracting owners

For owners of technical piping shops, this deal shows that the specialty and the customer relationships behind it can be what makes a national buyer call one local contractor its platform for a whole region. Owners weighing that kind of interest can read our guide on selling a mechanical or HVAC business to private equity.

OffDeal is an advisory firm that helps lower-middle-market business owners sell with confidence. Reach out to learn more about our expertise with mechanical contracting businesses in Texas.

Own a mechanical contracting business with $5M–$100M in revenue? We’re glad to give you an honest read on what it’s worth and who would buy it — no pitch, no pressure. Get a free valuation.

Source: GlobeNewswire - https://www.globenewswire.com/news-release/2026/11/12/3401394/0/en/legence-reports-third-quarter-2026-financial-results.html