Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 219

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 219
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 accounted for in a manner consistent with a
reorganization of entities under common control. As a result, the consolidated financial statements of the Company will recognize the assets and liabilities received in the reorganization at their historical carrying amounts, as reflected in the
historical financial statements of Legence Holdings. The Company will consolidate Legence Holdings on its consolidated financial statements and record a non-controlling interest related to the LGN Units held
by the LGN Unit Holders.

157

The following diagram depicts our simplified ownership structure immediately following this offering and the transactions related thereto (assuming that the underwriters’ option to purchase additional shares is not exercised):

| (1) | Following the Corporate Reorganization, Blackstone and the Management Members will hold the outstanding                                                                                                                                               
 membership interests of the Aggregators. Blackstone will serve as the managing member of each Aggregator and as a result, may be considered to beneficially own all of our securities held by the Aggregators. The Management Members include Jeffrey 
 Sprau, Stephen Butz, Gregory Barnes and Bryce Seki, in addition to other employees of Legence Parent.                                                                                                                                                 |

We and the selling stockholder have granted the underwriters a 30-dayoption to purchase up to 3,157,808 additional shares of Class A Common Stock from us and 742,192 additional shares of Class A Common Stock from the selling stockholder. If the underwriters exercise their option to purchase additional shares of Class A Common Stock in full, the additional net proceeds to us will be approximately $80.6 million (based on an assumed initial offering price of $27.00 per share, which is the midpoint of the price range set forth on the cover page of this prospectus), after deducting underwriting discounts and commissions. We intend to contribute the $80.6 million of net proceeds received by us from the exercise of the option to Legence Holdings, in exchange for additional LGN Units being issued to Legence Sub. Legence Holdings will use (i) approximately $30.8 million of such net proceeds to purchase LGN Units, together with an equal number of shares of Class B Common Stock, from Legence Parent at a purchase price per LGN Unit and share of Class B Common Stock equal to the public offering price per share of Class A Common Stock in this offering, net of underwriting discounts and commissions and (ii) approximately $49.8 million of such net proceeds to repay additional outstanding borrowings under the Term Loan Credit Facility. We will not receive