Legence Acquires Leading Engineering Firm P2S in Latest West Coast Expansion
SAN JOSE, Calif. – Legence, a Blackstone Portfolio Company and North America's leading, integrated provider of energy efficiency and sustainability solutions for the built environment, today announced the acquisition of P2S Inc. (P2S), a California-based engineering, commissioning, and construction management firm specializing in critical sectors including higher education, federal and municipal institutions, health care facilities, data centers, and more.
In the wake of California’s Climate Accountability Package and new SEC climate rulings that mandate and standardize corporate emissions disclosures, the acquisition of P2S will position Legence as the premier provider of high-performance, low-emissions buildings nationwide.
“At Legence, we seek partners who share our values and commitment to client service, not just industry-leading results," says Jeff Sprau, CEO of Legence. "P2S's alignment with our culture and processes makes them a perfect fit. Together, we'll expand our geographic reach and deliver even stronger results for our clients, all while working towards a sustainable future."
The P2S acquisition will further expand Legence’s consulting engineering services on the West Coast, building on other recent partnerships with A.O. Reed and SC Engineers, allowing Legence to provide even more customers with best-in-class solutions to increase efficiency and reduce operating costs. The partnership combines the strength and innovation of two talented teams, and P2S’s industry-leading work in Seattle will unlock additional opportunities in the Pacific Northwest – particularly in the higher education, municipal, federal, and healthcare markets.
“With expanded capabilities and greater access to financial and technical resources, joining the Legence family will benefit our clients, our trusted employees, and the built environment,” said Kevin Peterson, president and CEO of P2S. “We’re committed to nurturing the next generation of decarbonization leaders and joining Legence’s workforce of 5000+ experienced employees.”
About Legence
As an Energy TransitionAccelerator™, Legence transforms buildings to pave the way for a sustainable future — faster. Legence is North America’s leading, integrated provider of energy efficiency and sustainability solutions for the built environment. Legence improves the performance of buildings, making the spaces that shape our lives healthier and more sustainable. We specialize in helping clients decrease operating costs, reduce carbon emissions, and enhance occupant well-being and productivity. From advisory services and design to construction and ongoing maintenance, we offer a comprehensive suite of Stackable Solutions™ across the entire building lifecycle. With over a century of experience, we have the expertise to implement high-performing projects with unmatched outcomes, serving industry leaders in mission-critical and essential sectors such as data centers, semiconductors, life sciences, healthcare, education, and more. To learn more about Legence and its services, visit www.wearelegence.com.
Berenson & Company served as the buyside advisor to Legence on the acquisition.
