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Legence Acquires Black Bear Energy, Strengthening Capabilities For Rapid Decarbonization In Buildings

Jul 19, 2022over 3 years ago

Acquiring Company

Legence

Acquired Company

Black Bear Energy, Inc.

San JoseBoulderConstructionEnergyNatural ResourcesEnergySustainability

Description

Legence, an Energy Transition AcceleratorTM and leader in building efficiency, has announced the acquisition of Black Bear Energy. Black Bear’s addition to Legence’s rapidly growing portfolio expands the firm’s renewable energy procurement services and further strengthens its capabilities for decarbonization. The announcement comes on the heels of two additional acquisitions and a new brand launch that integrates an experienced legion of best-in-class companies committed to making the spaces we occupy more efficient, healthy and sustainable.

Company Information

Company

Legence

Location

San Jose, California, United States

About

Legence, a Blackstone portfolio company, is an Energy Transition AcceleratorTM that provides advisory services and implementation focused on financing, designing, building, and servicing complex systems in mission-critical and high performance facilities. With five plus decades of expertise in the built environment, Legence has a proven track record of reducing carbon emissions, implementing renewables, lowering utility costs through efficiency consumption, and making systems run better at unmatched speed and scale.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed