Eight Quarter Advisors Facilitates Strategic Acquisition of Innovative Mechanical & Design by Legence Corp.

Eight Quarter Advisors Facilitates Acquisition of Innovative Mechanical & Design by Legence Corp.

In a significant strategic move within the engineering sector, Eight Quarter Advisors (EQA) has announced its advisory role in the acquisition of Innovative Mechanical & Design, LLC (IMD) by Legence Corp. This acquisition marks a pivotal moment for IMD, a rapidly growing player in the mechanical, electrical, and plumbing (MEP) engineering services, particularly known for its partnerships across critical industries such as healthcare, pharmaceuticals, and educational institutions.

Legence Corp., backed by Blackstone, specializes in providing industry-leading consulting, installation, and maintenance services crucial for mission-critical systems. This acquisition enables IMD to leverage Legence’s extensive resources and expertise, providing an opportunity for national growth while maintaining its foundational strengths as a service partner.

Founded in Northern Colorado, IMD has not only established itself as a go-to installation and service partner but has also shown remarkable growth, achieving a compound annual growth rate (CAGR) of 70% over the past four years. This rapid expansion was a double-edged sword; while it demonstrated the company’s success, it also presented challenges in maintaining service quality amidst increasing client demands.

The founder and president of IMD, Josh Fair, expressed enthusiasm about the acquisition, stating, "Legence provides us with the resources needed for growth and a national competitive platform, while preserving what has made IMD a trusted partner for our clients." This acquisition aims to fortify IMD's service offerings, maintenance capabilities, and relationships with Fortune 100 clients, further solidifying its position in the market.

Matt Williams, managing director at EQA, commented on the strategic alignment of the two companies, stating, "The challenge of supporting IMD's rapid growth requiring additional support is not to be taken lightly. Legence brings the necessary presence, culture, and competitive spirit to meet that challenge head-on."

EQA's involvement in this deal underscores its commitment to providing tailored advisory services to lower middle-market companies that often struggle to attract institutional buyers. Founded to offer sophisticated transaction representation, EQA seeks to elevate the visibility and market presence of companies like IMD, making this acquisition a significant milestone for both firms.

As the acquisition unfolds, industry observers are keen to see how IMD will navigate its growth trajectory under Legence’s ecosystem, potentially setting a new standard in engineering services for sectors that demand high-quality standards.

For those interested in further insights into this acquisition or EQA’s offerings, additional information can be found at EightQuarterAdvisors.com.

This press release is intended solely for informational purposes and should not be interpreted as an offer or solicitation for the sale of securities.