Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 109

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 109
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 applicable law. Unless otherwise indicated, the historical financial information presented in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” speaks only with respect to our predecessor, Legence Holdings and does not give pro forma effect to the Corporate Reorganization.

Overview

We are a leading provider of
engineering, installation and maintenance services for mission-critical systems in buildings. We focus on high-growth sectors that have technically demanding buildings, including technology, life sciences, healthcare and education. More than 60% of
the companies in the Nasdaq-100 Index are our clients.

Our business is growing rapidly as data
centers, manufacturers, pharmaceutical companies, hospitals, schools and universities make investments in both new and existing facilities to support growing demand for their products and services, reduce energy costs and increase resiliency. From
2021 to 2024, our revenues grew at a compound annual growth rate of approximately %, after giving pro forma effect to acquisitions we made over that period. As of December 31, 2024, we had $
million of backlog and awarded contracts, representing an increase of % over the same date last year.

We specialize in
designing, fabricating and installing complex 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. In 2024, we generated approximately % of our revenues from new building projects and % of our revenues from retrofits, upgrades and maintenance for existing buildings. Our team
includes approximately 1,200 MEP engineers and energy consultants, and approximately 3,300 HVAC and plumbing service technicians, fitters, electricians and sheet metal workers. Since 2022, we have completed more than
jobs each year for clients across the United States.

Our clients include large technology and industrial companies and public sector
institutions who contract with us directly to provide services, as well as intermediaries such as architects and general contractors who subcontract MEP services to us as part of a larger project. Excluding maintenance contracts which can span
multiple years, we typically complete most of our jobs within six months. Approximately % of our 2024 revenue was from contracts that had values of less than $ million.

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Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 The contribution to our revenue by building type and end client market, based on internal Company data, is as follows:

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