Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 55

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 55
---
 increase our need to attract, develop, motivate and
retain both our management and professional employees. The inability to effectively manage our growth or the inability of our employees to achieve anticipated performance could have a material adverse impact on our business, financial condition and
results of operations.

We may not be able to achieve expected returns from our growth strategy.

We invest our capital in areas that we believe best align with our business strategy and optimize future returns. Investments in capital
expenditures may not generate expected returns or cash flows. Significant judgment is required to determine which capital investments will result in optimal returns, and we could invest in strategies that are ultimately less profitable than those
that we do not select. Delays in strategy implementation

34

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 and the ramping of new business lines or services, or failure to optimize our investment choices, could significantly impact our ability to realize expected returns on our capital expenditures. In addition, our growth strategy involves several risks including the following:

| • |     | unavailability of necessary funding, which may include external sources; |

| • |     | inability to attract, retain and motivate key talent; |

| • |     | inability to identify or acquire attractive acquisition targets; |

| • |     | delays, disruptions and potential restrictions related to environmental, health and safety laws, regulations or 
 permits;                                                                                                        |

| • |     | potential restrictions on expanding in certain geographies; |

| • |     | insufficient customer demand to utilize our increased capacity; |

| • |     | inability to complete construction as scheduled and within budget; |

| • |     | inability to meet capital expenditure requirements for our growth strategy, including during periods of 
 relatively low free cash flow generation, resulting from challenging industry conditions;               |

| • |     | increases to our cost structure until new business lines or services are ramped to adequate scale; and |

| • |     | potential changes in laws or provisions of government incentives and grants. |

From time to time, we have experienced the impacts from the above items and, because these risks are a characteristic of our business, we expect to experience them in the future. The nature and extent of the impact from these risks could result in delays in our growth initiatives and the completion of our projects and increased costs. Any of the above factors could have a material adverse impact on our business, financial condition and results of operations. If we cannot maintain our corporate culture as