Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 8

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 8
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 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 39% and, after giving pro forma effect to acquisitions we made over that period, 16%. As of December 31, 2024, we had $2.5 billion of
backlog and awarded contracts, representing an increase of 45% 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 32.5% of our revenues from new building projects and 67.5% 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 2021, we have completed more than 50,000 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 clients’
installation and retrofit projects. From 2021 to 2024, our Engineering & Consulting segment revenues grew at a compound annual growth rate of approximately 83% and, after giving pro forma effect to acquisitions we made over that period,
approximately 15%. Our Engineering & Consulting segment generated 28.7% and 47.6% of our revenues and gross profit, respectively, 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

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Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.