Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 124

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 124
---
 statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in
which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to an amount that is more likely than not to be realized.

Factors Affecting the Comparability of Our Financial Results

Our future results of operations may not be comparable to the historical results of operations of our predecessor for the periods presented,
primarily for the reasons described below.

Corporate Reorganization

Our Consolidated Financial Statements included in this prospectus are based on the financial statements of our predecessor, Legence Holdings
LLC. As a result, the historical consolidated financial data may not give you an accurate indication of what our actual results would have been if the Corporate Reorganization had been completed at the beginning of the periods presented or of what
our future results of operations are likely to be.

After giving effect to the Corporate Reorganization and the offering contemplated
by this prospectus, (a) Legence will own (including through the Pubco Subsidiaries) an approximate 54% economic interest in Legence Holdings (or 56% if the underwriters’ option to purchase additional shares is exercised in full and after
giving effect to the application of the net proceeds therefrom), (b) Legence Parent will own an approximate 46% economic interest in Legence Holdings (or 44% if the underwriters’ option to purchase additional shares is exercised in full and
after giving effect to the application of the net proceeds therefrom), (c) Legence Parent II will own an approximate 52% direct economic interest in Legence (or 48% if the underwriters’ option to purchase additional shares is
exercised in full and after giving effect to the application of the net proceeds therefrom), (d) Legence Parent will own <1% direct economic interest in Legence (or <1% if the underwriters’ option to purchase additional shares is
exercised in full and after giving effect to the application of the net proceeds therefrom) and (e) Legence Parent II will own an approximate 28% indirect economic interest in Legence Holdings (or 27% if the underwriters’ option to purchase
additional shares is exercised in full and after giving effect to the application of the net proceeds therefrom). In addition, Legence will be the managing member of Legence Holdings and will be responsible for all operational, management and
administrative decisions relating to Legence Holdings