Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 121

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 121
---
 be comparable to the historical results of operations of our predecessor for the periods presented,
primarily for the reasons described below.

Corporate Reorganization

Our Consolidated Financial Statements included in this prospectus are based on the financial statements of our predecessor, Legence Holdings
LLC. As a result, the historical consolidated financial data may not give you an accurate indication of what our actual results would have been if the Corporate Reorganization had been completed at the beginning of the periods presented or of what
our future results of operations are likely to be.

After giving effect to the Corporate Reorganization and the offering contemplated by
this prospectus, (a) Legence will own (including through the Pubco Subsidiaries) an approximate % economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised in full and
after giving effect to the application of the net proceeds therefrom), (b) Legence Parent will own an approximate % economic interest in Legence Holdings (or % if the underwriters’ option to purchase additional shares is exercised
in full and after giving effect to the application of the net proceeds therefrom), (c) Legence Parent II will own an approximate % economic interest in Legence (or % if the underwriters’ option to purchase additional
shares is exercised in full and after giving effect to the application of the net proceeds therefrom), (d) Legence Parent will own an approximate % economic interest in Legence (or % if the underwriters’ option to purchase
additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom) and (e) Legence Parent II will own an approximate % indirect economic interest in Legence Holdings (or % if the
underwriters’ option to purchase additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom). In addition, Legence will be the managing member of Legence Holdings and will be responsible for
all operational, management and administrative decisions relating to Legence Holdings’ business.

Acquisitions

We have pursued and plan to continue to pursue acquisitions as part of our growth strategy, including acquisitions that expand our
capabilities, give us access to new clients or extend our geographic reach. As a result of our acquisition strategy, our results include incremental revenues and expenses following the completion date of an acquisition, as well as various
transaction expenses to support the completion of these acquisitions.

Public Company Expenses

Following the closing of this offering, we anticipate incurring incremental