Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 317

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 317
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 155,899 |   |     | $           | 4,584 |   |     | $     | 243,722 |   |

In the AMA acquisition, the Company assumed uncertain tax benefits associated with consolidated VIEs, including interest and penalties, of $11.8 million, which is recorded in Other long-term liabilities. The seller agreed to indemnify the Company for the outcome of these uncertain tax liabilities. Accordingly, the Company recognized a corresponding $11.8 million indemnification asset in Other assets. Goodwill arising from acquisitions was 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 $1.4 million and $5.4 million were incurred during the three and six months ended June 30, 2024, respectively, and are included within Acquisition-related costs on the Condensed Consolidated Statements of Operations. Supplemental Pro Forma Information The following unaudited supplemental pro forma results of operations for Legence are presented as if 2024 acquisitions had been consummated on January 1, 2023. These unaudited supplemental pro forma results are provided for illustrative purposes only and may not be indicative of the actual results that would have been achieved by the combined companies or the future results of the combined companies (in thousands).

|                                           |     |   |  Three Months 
         Ended 
 June 30, 2024 |     |   |    Six Months 
         Ended 
 June 30, 2024 |   |
|:------------------------------------------|:----|:--|--------------:|:----|:--|--------------:|:--|
| Revenue                                   |     | $ |       542,625 |     | $ |     1,042,177 |   |
| Net income (loss) attributable to Legence |     | $ |         9,711 |     | $ |        (4,480 | ) |

These pro forma combined historical results were adjusted for: an increase in interest expense for debt incurred by the Company to finance the transactions, increased depreciation and amortization expense due to the fair value of fixed assets and intangible assets, adjustments for operating lease right-of-useasset lease expense, and the reclassification of transaction expenses to the beginning of the respective pro forma period for each acquisition. The pro forma combined historical results do not eliminate the impact of Acquisition-related costs nor