Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 139

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 139
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in thousands):P2SAMAOther 2024 AcquisitionTotalCash$62,520 $154,916 $3,203 $220,639 Legence Parent issuance of Legence Parent interests20,719 — 1,381 22,100 Holdback— 983 — 983 Total consideration transferred$83,239 $155,899 $4,584 $243,722 Legence Parent issued 9,189 and 613 Series C Common Interests in the Company's purchase of P2S and Other 2024 Acquisition, respectively. The fair value of Legence Parent interests was estimated utilizing the OPM. Holdback amounts reflect consideration transferred to be paid in cash after the acquisition date assuming conditions for release of the holdback are met. As of September 30, 2025 and December 31, 2024, there was $1.0 million and $2.8 million, respectively, of holdback included in Accrued and other current liabilities on the Consolidated Balance Sheets related to 2024 acquisitions.A summary of the purchased assets and liabilities for the 2024 acquisitions acquired at their fair value was as follows (in thousands):

21

Legence Corp.Notes to Condensed Consolidated Financial Statements - (Continued)(Unaudited)

P2SAMAOther 2024 AcquisitionTotalCash$1,330 $2,578 $— $3,908 Accounts receivable16,843 27,123 — 43,966 Contract assets6,254 5,521 11 11,786 Prepaid expenses and other current assets1,532 506 — 2,038 Property and equipment5,074 2,605 — 7,679 Operating lease right-of-use assets19,746 3,537 — 23,283 Goodwill28,193 96,643 1,685 126,521 Intangible assets37,800 46,250 3,020 87,070 Other assets340 12,377 — 12,717 117,112 197,140 4,716 318,968 Accounts payable(53)(8,891)(33)(8,977)Accrued compensation and benefits(3,963)(4,129)— (8,092)Accrued and other current liabilities(3,966)(2,831)— (6