AMA Group reposted this
M&A deal number 255 of 2024 (so far): #Sustainability consultancy Legence, backed by Blackstone, has acquired AMA Group -- an engineering company that helps building owners and property managers to #decarbonize their infrastructure. Legence has extensive M&A experience. Indeed, Legence acquired six businesses in 2023, and the company purchased Corporate Sustainability Strategies (CSS) in May 2024. The latest acquisition, AMA Group, has national reach. But the company's #NewYorkCity presence, in particular, positions Legence well for building decarbonization opportunities. Indeed, acquiring AMA positions Legence to "better support building owners and operators in meeting the stringent energy reduction mandates of Local Laws 87 and 97," the buyer asserts. AMA will ultimately tuck into CMTA, Inc. , Legence’s largest mechanical, electrical, and plumbing (MEP) engineering services portfolio company, the buyer said. For more context and statements from Legence CEO Jeffrey Sprau, AMA Group Founder Arthur Metzler, and CMTA CEO James Benson, read our complete coverage & deal analysis here: https://lnkd.in/ezmgNE3S #MergersAndAcquisitions #PrivateEquity #Engineering #Consulting #CarbonReduction #NetZero #RealEstate