Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 300

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 300
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         |      — |     |             |   — |     |         | 14,040 |     |             | 9.2 |
| Contract backlog       |     |          |     — |     |           |  6,000 |     |         |  3,000 |     |             |  25 |     |         |  9,025 |     |             | 1.8 |
|                        |     |   $3,070 |       |     |   $80,500 |        |     | $15,100 |        |     |        $350 |     |     | $99,020 |        |     |             |     |

During the year ended December 31, 2024, the purchase accounting was completed for all 2023 acquisitions without any material measurement period adjustments. Goodwill arising from acquisitions is derived largely from expected synergies and growth as well as the acquired assembled workforces. Goodwill is deductible for tax purposes for the A.O. Reed and OCI acquisitions. Goodwill is not deductible for tax purposes for the San Jose Boiler acquisition. F-34

Legence Holdings LLC and Subsidiaries

Notes to Consolidated Financial Statements

Total Acquisition-related costs of $3.8 million were incurred during the year ended December 31,
2023, including $2.0 million for A.O. Reed, $1.0 million for OCI and $0.5 million for San Jose Boiler. These costs are included within Acquisition-related costs in the Consolidated Statements of Operations for the year ended
December 31, 2023.

2022 Acquisitions:

On
July 1, 2022, the Company acquired all the outstanding equity of Black Bear Energy, Inc. (“Black Bear”). Black Bear is an energy and sustainability consulting firm based in Colorado. The acquisition expands the Company’s
technical capabilities, especially in clean energy procurement and implementation strategies, and geographic footprint. The seller is entitled to earnouts for attainment of targeted EBITDA, as defined in the purchase agreement, for the years ending
December 31, 2022 and 2023 up to $5.0 million and $45.0 million, respectively. If the 2022 earnout target was not met, then the 2023 earnout maximum increased by $5.0 million to $50.0 million. At the option of the Company,
fifty percent of the 2023 earnout may be paid in Parent interests.