Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 303

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 303
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 |     |      |  40,428 |   |
| Cash and cash equivalents and restricted cash, beginning of period                               |     |                         |   88,920 |   |     |      |  60,434 |   |     | $    |  20,006 |   |
| Cash and cash equivalents and restricted cash, end of period                                     |     | $                       |   81,167 |   |     | $    |  88,920 |   |     | $    |  60,434 |   |

The supplemental disclosures to the Consolidated Statements of Cash Flows are included in “ Note 19—Other Financial Information” See Notes to Consolidated Financial Statements. F-54

LEGENCE HOLDINGS LLC AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1—Nature of Operations

Legence Holdings LLC and its subsidiaries (“Legence” or the “Company”) are a leading provider of engineering,
installation and maintenance services for mission-critical systems in buildings. The Company focuses on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. Legence specializes
in designing, fabricating and installing complex heating, ventilation and air conditioning (“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. Services are primarily provided on a fixed price basis.

The Company was formed as a single-member limited liability company under the laws of the State of Delaware on October 30, 2020. Legence
is a wholly-owned subsidiary of Legence Intermediate LLC (“Member”) which is a wholly-owned subsidiary of Legence Parent LLC (“Parent”). The powers of Legence will be exercised by the authority of Parent, as the
Company’s ultimate parent. Parent has designated certain individuals as officers of the Company.

Note 2—Summary of Significant Accounting Policies

The Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles
(“U.S. GAAP”).

Principles of Consolidation

The Consolidated Financial Statements include the accounts of Legence, its wholly owned subsidiaries and certain Variable Interest Entities
(“VIE”) of which the Company is the primary beneficiary. Legence assesses whether it is the primary beneficiary of a VIE, which is the case if the Company, in combination with