Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 138

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 138
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 According to IDC, spending on            
 Sustainability Services is expected to grow from $23 billion in 2024 to $35 billion in 2028 in the Americas, representing an 11% compound annual growth rate.                                                                                             |

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Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 BUSINESS 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-100Index 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. Our clients include large technology and industrial companies and public sector institutions who contract with us directly to provide services, as well as intermediaries such as architects and general contractors who subcontract MEP services to us as part of a larger project. Excluding maintenance contracts which can span multiple years, we typically complete most of our jobs within six months. Approximately % of our 2024 revenue was from contracts that had values of less than $ million. We are headquartered in San Jose, California and, as of December 31, 2024, we had approximately 5,700 full-time employees across 70 offices in 20 U.S