Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 27

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 27
---
 our debt service obligations 
 to increase significantly.                                                                                       |

| • |     | Our incurrence of additional indebtedness may affect our business and may restrict our operating flexibility. |

Risks Related to Regulations

| • |     | Our business and our clients’ businesses are subject to a variety of federal, state and local laws and 
 regulations, which could adversely affect our business, financial condition and results of operations. |

| • |     | If we are found to not have complied with applicable laws, we could lose one or more of our licenses, permits or                                                                                                 
 authorizations or face other sanctions or penalties or be required to obtain additional licenses or permits, which may limit our business operations in particular jurisdictions or otherwise harm our business. |

| • |     | Some of our clients receive federal, state and local government incentives for building new facilities or to make                                                                            
 energy efficiency upgrades to their buildings. If these incentives are reduced or limited, the scope for some of our projects may be impacted and there may be less demand for our services. |

Risks Related to the Environment, Health and Safety

| • |     | Environmental, health and safety laws could impose significant additional costs and liabilities. |

| • |     | We are exposed to risks relating to occupational, health and safety matters and operate at project sites that                                                                                                                                        
 involve a high degree of operational hazards and risks. Failure by us or any of our business partners to maintain safe work sites and equipment could have a material adverse impact on our business, financial condition and results of operations. |

| • |     | Increasing scrutiny, regulatory requirements and changing expectations from various stakeholders with respect to                                             
 sustainability and other environmental, social and governance (“ESG”) matters may impose additional costs on us or expose us to reputational or other risks. |

Risks Related to Our Class A Common Stock and Structure

| • |     | Our sole material asset after completion of this offering will be our membership interests in Legence Holdings                                                                                                                                           
 (held directly by us and indirectly through the Pubco Subsidiaries), and we are accordingly dependent upon distributions from Legence Holdings to pay taxes, make payments under the Tax Receivable Agreement and cover our corporate and other overhead 
 expenses.                                                                                                                                                                                                                                                |

| • |     | We do not intend to pay dividends following the completion of this offering and may never pay dividends. |

| • |     | Our sale or issuance of additional Common Stock or other equity-related securities could dilute each 
 stockholder’s ownership interest or adversely affect