Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 7

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 7
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 Used Defined Terms.”

Our Company

We are a leading provider of
engineering, installation and maintenance services for mission-critical systems in buildings. We focus on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. More than 60% of
the companies in the Nasdaq-100 Index are our clients.

Our business is growing rapidly as data
centers, manufacturers, pharmaceutical companies, hospitals, schools and universities make investments in both new and existing facilities to support growing demand for their products and services, reduce energy costs and increase resiliency. From
2021 to 2024, our revenues grew at a compound annual growth rate of approximately %, after giving pro forma effect to acquisitions we made over that period. As of December 31, 2024, we had $ million of backlog and awarded
contracts, representing an increase of % over the same date last year.

We specialize in designing, fabricating and installing
complex HVAC, process piping and other mechanical, electrical and plumbing (“MEP”) systems for new facilities and upgrading HVAC, lighting and building controls in existing facilities to make them more energy efficient and sustainable. In
2024, we generated approximately % of our revenues from new building projects and % of our revenues from retrofits, upgrades and maintenance for existing buildings. Our team includes approximately 1,200 MEP engineers and energy
consultants, and approximately 3,300 HVAC and plumbing service technicians, fitters, electricians and sheet metal workers. Since 2022, we have completed more than jobs each year for clients across the United States.

We operate through two complementary segments: Engineering & Consulting and Installation & Maintenance. Our
Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for customers’
installation and retrofit projects. Our Engineering & Consulting segment generated % of our revenues in 2024.

Our
Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective
maintenance services for those systems. Some of our installation clients choose to co-locate our employees at their sites to perform renovation and upgrade services on an ongoing basis. We have had an on-site presence with some of our clients for more than 20 years. The preventative maintenance work we perform is recurring pursuant to annual or multi-year contracts. Our Installation & Maintenance segment
generated % of our