Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 17

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 17
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ence Holdings (held directly by us and indirectly through the Pubco Subsidiaries). Legence Holdings directly or indirectly owns all the outstanding membership interests in the operating subsidiaries through which we operate our assets. After the consummation of the transactions contemplated by this prospectus, Legence will be the managing member of Legence Holdings and will control and be responsible for all operational, management and administrative decisions relating to Legence Holdings’ business, will consolidate the financial results of Legence Holdings and its subsidiaries and will report non-controllinginterests in its consolidated financial statements related to the LGN Units that the LGN Unit Holders will own in Legence Holdings. This offering is being conducted through what is commonly referred to as an “UP-C”structure, which is often used by partnerships and limited liability companies undertaking an initial public offering. The UP-Cstructure provides the LGN Unit Holders with the tax advantage of continuing to own interests in a pass-through structure, which is tax efficient because their allocable shares of income from Legence Holdings will not be subject to entity-level tax. The UP-Cstructure will also provide potential future tax benefits for both the public company and the LGN Unit Holders when they ultimately exchange their pass-through interests for shares of

6

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

Class A Common Stock, which is expected to result in tax basis adjustments in the assets of Legence Holdings and produce favorable tax attributes for us. Immediately after the consummation
of the Corporate Reorganization as described herein and this offering, our principal asset will be our ownership interests in Legence Holdings. See “Corporate Reorganization— Holding Company Structure” and “Certain Relationships
and Related Party Transactions—Tax Receivable Agreement.”

In connection with this offering: (a) Legence Parent formed
Legence; (b) the ownership interests in Legence Holdings will be recapitalized into two classes of common equity limited liability company units (defined herein as LGN Units); (c) Legence Intermediate will distribute a portion of its interests
in Legence Holdings to Legence Parent, which will in turn distribute such interests to certain of the Existing Owners; (d) such Existing Owners will contribute all of, and Legence Intermediate will contribute a portion of, their interests in
Legence Holdings directly, or indirectly by contribution of interests in Blocker Entities holding interests in Legence Holdings, to Legence in exchange for newly issued Class A Common