Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 295

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 295
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     | $   |  27,600 |     | $   |  42,000 |     | $           |  2,850 |     | $     |  72,450 |     |             | 10.4 |
| Trade names            |     |     |   4,900 |     |     |       — |     |             |      — |     |       |   4,900 |     |             | 11.8 |
| Contract backlog       |     |     |   5,300 |     |     |   4,250 |     |             |    170 |     |       |   9,720 |     |             |  1.4 |
|                        |     |     | $37,800 |     |     | $46,250 |     |             | $3,020 |     |       | $87,070 |     |             |      |

Goodwill arising from acquisitions is derived largely from expected synergies and growth as well as the acquired assembled workforces. Goodwill is deductible for tax purposes for the P2S, AMA and the Other 2024 Acquisition. Total acquisition-related costs of $5.6 million were incurred during the year ended December 31, 2024, including $2.3 million for P2S and $2.6 million for AMA. These costs are included within Acquisition-related costs in the Consolidated Statements of Operations for the year ended December 31, 2024. 2023 Acquisitions: On August 1, 2023, the Company acquired all the outstanding equity of San Jose Boiler Works, Inc. (“San Jose Boiler”). San Jose Boiler is a full spectrum boiler sales, installation, maintenance and repair service company operating in California. The acquisition expands the Company’s technical offerings and capabilities in Northern California while growing the service and maintenance base. The consideration transferred primarily includes cash and promissory notes issued to the sellers with face amounts totaling $3.3 million, consisting of 3-yearpromissory notes totaling $1.8 million and 1.5-yearpromissory notes totaling $1.5 million. The promissory notes accrue interest at a 6.0% annual rate, which may be added to the principal amount of the notes on an annual basis at the option of the Company. The acquisition-date fair value of the promissory notes was $3.2 million. The San Jose Boiler operations and