Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 12

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 12
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 our relationships with our 
 clients; shorten the amount of time it takes to conceive and complete projects; deliver higher performing systems; capture incremental margin; and play an integral role in shaping and implementing our clients’ sustainability programs.                |

| • |     | In-house fabrication and modular construction capabilities. We                                                                                                                                                                                      
 have six facilities strategically located across the United States, including an ISO Class 7 cleanroom, where we fabricate and construct modular components, including plenums, ducts, piping, electrical and other components for the systems that 
 we install. Prefabricating components and modular construction at these locations allows us to deliver higher quality at a lower cost and in less time than our competitors who fabricate                                                           |

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| components in the field. We have served approximately 1,000 clients using our in-house fabrication and modular construction capabilities. Our fabrication and modular construction capabilities 
 also allow us to compete for jobs located in regions where we do not yet have an installation workforce.                                                                                        |

| • |     | Significant client diversity and small job sizes that mitigate client and project risk. We completed jobs                                                                                                                                                 
 for more than 9,500 clients in 2024. Approximately 70% of our revenues over the period from 2021 to 2024 were from jobs that had contract prices of less than $10 million, after giving pro forma effect to acquisitions made over that period. We        
 believe the large number of clients that we serve, combined with our small average job size, reduces our dependence on any single client, as well as the impact that any individual project has on our profitability. Historically, our smaller jobs have 
 earned higher margins than our larger jobs. We believe 80% of our jobs meet or exceed our initial margin estimates. Between 2021 to 2024, the largest loss we incurred on a job was approximately $1.3 million, after giving pro forma effect to          
 acquisitions made over that period.                                                                                                                                                                                                                       |

| • |     | Longstanding relationships with “blue chip,” repeat clients and history of growing revenues from                                                                                                                                                                                                                                                                             
 existing clients. We strive to build long-term relationships with large clients that make significant investments in new or existing buildings every year. The average length of our relationship with our top 10 clients is 26 years, with many                                                                                                                             
 greater than 40 years, and our net revenue retention of clients from 2021 to 2024 was 121%, reflecting our ability to grow revenues from the same clients over time. Additionally, we have dedicated teams