Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 110

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 110
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 shares of Class A Common Stock. In addition, the unaudited pro forma condensed consolidated financial
information does not reflect any cost savings, operating synergies or revenue enhancements that the consolidated company may achieve as a result of the Transactions.

The unaudited pro forma condensed consolidated statement of operations for the six months ended June 30, 2025 and the year ended
December 31, 2024 gives pro forma effect to the Transactions as if they had occurred on January 1, 2024. The unaudited pro forma condensed consolidated balance sheet as of June 30, 2025 gives effect to the Transactions as if they had
occurred on June 30, 2025.

Reorganization Transactions and Offering Transactions

The Company is offering shares of Class A Common Stock in this offering at an assumed initial public offering price of
$ per share, which is equal to the midpoint of the estimated offering price range set forth on the cover page of this prospectus. Legence intends to use the proceeds (net of underwriting discounts and commissions and estimated
offering expenses payable by Legence) from the issuance of shares ($ ) to acquire an equivalent number of newly issued LGN Units from Legence Holdings, which Legence Holdings will in turn use to repay
outstanding indebtedness under the Term Loan Credit Facility totaling approximately $ in aggregate principal amount and approximately $ for general corporate purposes. Legence will bear all of the expenses
of this offering. We estimate these offering expenses (excluding underwriting discounts and commissions) will be approximately $ .

After giving effect to the Corporate Reorganization and the offering contemplated by this prospectus, the Company will own (including through
the Pubco Subsidiaries) approximately % of the economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net
proceeds therefrom). Additionally, the Company will have (including through the Pubco Subsidiaries) % of the voting power, thereby controlling the management of Legence Holdings. In addition, Legence will be the managing member of Legence
Holdings and therefore the Company will be responsible for all operational, management and administrative decisions relating to Legence Holdings’ business and will have the obligation to absorb losses and receive benefits from Legence
Holdings. The Corporate Reorganization, whereby the Company will begin to consolidate Legence Holdings and its subsidiaries in its consolidated financial statements, lacks economic substance under GAAP and therefore