Blackstone explores sale or IPO of Legence, a $5B sustainability consulting firm acquired in 2020.

Blackstone, a private equity firm, is considering a sale or IPO for Legence, a sustainability consulting firm they acquired in 2020. Legence, initially known as Therma Holdings, has grown through acquisitions and specializes in maximizing energy efficiency in buildings. With a potential valuation of up to $5B, including debt, Blackstone is working with advisors to gauge interest in the company.

June 26, 2024
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