M&A Deal Summary

Legence Acquires Black Bear Energy

On July 19, 2022, Legence acquired renewable energy company Black Bear Energy

Acquisition Highlights
  • This is Legence’s 1st transaction in the Renewable Energy sector.
  • This is Legence’s 4th transaction in the United States.
  • This is Legence’s 1st transaction in Colorado.

M&A Deal Summary
Date 2022-07-19
Target Black Bear Energy
Sector Renewable Energy
Buyer(s) Legence
Deal Type Add-on Acquisition

Target

Black Bear Energy

Boulder, Colorado, United States
Black Bear Energy is a technology-enabled, commercial buyer’s representative specializing in onsite renewable energy and cleantech services. Black Bear Energy was founded in 2015 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Legence

San Jose, California, United States
Category Company
Sector Business Services
DESCRIPTION

Legence is a mechanical, electrical, and plumbing services company focused on designing, building, and servicing custom and complex mechanical systems. Legence provides engineering, estimation, design, building information modeling, energy modeling, design-build, specialty HVAC and pipe fabrication, modular skid and process controls, pre-fabrication, and installation work for owners, general contractors, and construction managers in the technology, biopharmaceutical, data center, semiconductor and other industries with complex mechanical requirements. Legence is headquartered in San Jose, California.

DEAL STATS #
Overall 4 of 12
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 4 of 12
State (Colorado) 1 of 2
Country (United States) 4 of 12
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 McCracken & Woodman

Lafayette, California, United States

McCracken & Woodman is a full-service mechanical engineering firm offering services to the construction industry. McCracken & Woodman was founded in 1974 and is based in Lafayette, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 KLOK Group

Golden, Colorado, United States

KLOK Group is a full-service engineering firm dedicated to innovative, pragmatic consulting in MEP design and coordination. KLOK serves clients in a wide array of industries, including science and technology, K-12 and higher education, multifamily residential, commercial office, and civic and government. KLOK Group was founded in 2010 and is based in Golden, Colorado.

Buy -
Mergr

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