Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 278

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 278
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 assets as of December 31, 2024 was as follows (in thousands):

| Year ending December 31: 
 2025                     |     |   |  81,040 |
|:-------------------------|:----|:--|--------:|
| 2026                     |     |   |  73,634 |
| 2027                     |     |   |  73,402 |
| 2028                     |     |   |  73,402 |
| 2029                     |     |   |  73,376 |
| Thereafter               |     |   | 249,396 |
|                          |     | $ | 624,250 |

Note 6—Variable Interest Entities and Equity Method Investments The Company holds interests in a number of joint ventures and other entities, some of which are VIEs. The Company consolidates a VIE when it is the primary beneficiary. For unconsolidated joint ventures, the Company accounts for its investment using the equity method. The Company’s policy is described in “ Note 2—Summary of Significant Accounting Policies”. Consolidated Variable Interest Entities In connection with the AMA acquisition in 2024, the Company has various contractual relationships with two professional corporations (“PCs”) that provide engineering and design services in New York and California. The Company does not own any equity interest in the PCs but provides most of the administrative functions, personnel and other resources required for the PCs to fulfill contracts with their customers. The Company receives fees from the PCs for these services. The Company is the primary beneficiary of the PCs. As such, the Company consolidates the PCs within the Consolidated Financial Statements. F-36

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 The table below shows the carrying amounts and classification of the PCs’ assets and liabilities included in the Company’s Consolidated Balance Sheet, excluding intercompany balances (in thousands):

|                                       |     | December 31, 
 2024         |        |
|:--------------------------------------|:----|:-------------|-------:|
| Cash                                  |     | $            | 11,391 |
| Accounts receivable, net              |     |              | 25,744 |
| Contract assets, net                  |     |              |  2,475 |
| Total current assets                  |     |              | 39,610 |
| Other assets                          |     |              |    467 |
| Total