Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 340

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 340
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ivable as of June 30, 2025 and December 31, 2024 were $7.9 million and $9.8 million, respectively.

Remaining Performance Obligations

The Company had
approximately $2,006.5 million in remaining performance obligations as of June 30, 2025, which represent the expected revenue values under contract or otherwise secured fixed-price project commitments. The Company expects to recognize
approximately 75% of the remaining performance obligations within the next twelve months and the remaining approximately 25% thereafter. The majority of the remaining performance obligations after the first 12 months is expected to be recognized by
June 30, 2027.

Although remaining performance obligations reflect expected revenue values that are considered to be firm, cancellations, scope
adjustments or project deferrals may occur that impact the volume or the expected timing of revenue recognition.

Note 4—Acquisitions

During the three and six months ended June 30, 2025, the Company did not acquire any businesses, nor did the Company record material measurement period
adjustments for the businesses acquired during the year ended December 31, 2024.

2024 Acquisitions:

On March 1, 2024, the Company acquired all of the outstanding equity of P2S LP (“P2S”). P2S is a consulting engineering, commissioning and
construction management services firm based in California. This acquisition expands the Company’s services to new geographic markets and priority end markets throughout the Western United States. The P2S operations and associated goodwill are
included in the Engineering & Consulting segment.

On July 1, 2024, the Company acquired all of the outstanding equity of AMA Consulting
Engineers Holdings LLC (“AMA”). AMA is a consulting engineering, commissioning and construction management firm based in New York. This acquisition expands the Company’s geographic footprint, technical offerings and end markets.
The AMA operations and associated goodwill are included in the Engineering & Consulting segment.

During the year ended December 31, 2024,
the Company completed one other immaterial acquisition (“Other 2024 Acquisition”). The business is a part of the Engineering & Consulting segment and is an energy and sustainability advisory firm based in California. This
acquisition expands the Company’s service offerings with a focus on providing sustainability services, strategy, benchmarking and reporting services to commercial real estate clients.

F-73

Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial Statements—(Continued) (Unaudited