Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 48

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 48
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 risks, uncertainties, expenses and difficulties. Our business is dependent on our ability to effectively continue to develop, maintain and scale our platform.

Our expected future growth presents numerous managerial, administrative, operational and other challenges. Our ability
to manage the growth of our platform will require us to continue to develop and improve our management information systems and our other internal systems and controls. In addition, our growth will increase our need to attract, develop, motivate and
retain both our management and professional employees. The inability to effectively manage our growth or the inability of our employees to achieve anticipated performance could have a material adverse impact on our business, financial condition and
results of operations.

We may not be able to achieve expected returns from our growth strategy.

We invest our capital in areas that we believe best align with our business strategy and optimize future returns. Investments in capital
expenditures may not generate expected returns or cash flows. Significant judgment is required to determine which capital investments will result in optimal returns, and we could invest in strategies that are ultimately less profitable than those
that we do not select. Delays in strategy implementation and the ramping of new business lines or services, or failure to optimize our investment choices, could significantly impact our ability to realize expected returns on our capital
expenditures.

29

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 In addition, our growth strategy involves several risks including the following:

| • |     | unavailability of necessary funding, which may include external sources; |

| • |     | inability to attract, retain and motivate key talent; |

| • |     | inability to identify or acquire attractive acquisition targets; |

| • |     | delays, disruptions and potential restrictions related to environmental, health and safety laws, regulations or 
 permits;                                                                                                        |

| • |     | potential restrictions on expanding in certain geographies; |

| • |     | insufficient customer demand to utilize our increased capacity; |

| • |     | inability to complete construction as scheduled and within budget; |

| • |     | inability to meet capital expenditure requirements for our growth strategy, including during periods of 
 relatively low free cash flow generation, resulting from challenging industry conditions;               |

| • |     | increases to our cost structure until new business lines or services are ramped to adequate scale; and |

| • |     | potential changes in laws or provisions of government incentives and grants. |

From time to time, we have experienced the impacts from the