Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 124

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 124
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 and the mix of jurisdictions to which they relate, changes in how we do business, acquisitions, tax audit
developments, changes in our deferred tax assets and liabilities, changes in statutes, regulations, case law and administrative practices, principles and interpretations related to tax and relative changes of expenses or losses for which tax
benefits are not recognized.

Legence Parent is treated as a partnership for federal and state income tax purposes and indirectly owns
100% of the shares of multiple corporations. As a result, the members of Legence Parent are taxed individually on their proportionate share of our income or losses. The corporations owned by Legence Parent are subject to entity level taxation and,
as a result, provision for federal, state and local income taxes.

Income taxes for these entities are provided for under the asset and
liability method. Under this method, deferred tax assets and liabilities are determined based on the difference between the consolidated financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in
which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized.

Factors Affecting the Comparability of Our Financial Results

Our future results of operations may not be comparable to the historical results of operations of our predecessor for the periods presented,
primarily for the reasons described below.

Corporate Reorganization

Our Consolidated Financial Statements included in this prospectus are based on the financial statements of our predecessor, Legence Holdings
LLC. As a result, the historical consolidated financial data may not give you an accurate indication of what our actual results would have been if the Corporate Reorganization had been completed at the beginning of the periods presented or of what
our future results of operations are likely to be.

After giving effect to the Corporate Reorganization and the offering contemplated by
this prospectus, (a) Legence will own (including through the Pubco Subsidiaries) an approximate % 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), (b) Legence Parent will own an approximate % 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), (c) Legence Parent II will own an approximate % economic interest in Legence (or % if