Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 277

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 277
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.O. Reed operations and associated goodwill are included in the Installation & Maintenance segment. F-27

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements On November 1, 2023, the Company acquired all the outstanding equity of OCI Associates, LLC (“OCI”). OCI is a consulting engineering and commissioning services firm based in Florida. The acquisition expands the Company’s technical offerings to new geographic markets and priority end markets. The consideration transferred includes an earnout provision for attainment of targeted EBITDA, as defined in the purchase agreement, for the year ended December 31, 2023, up to $3.0 million. The acquisition-date fair value of the contingent consideration was $2.4 million. The OCI operations and associated goodwill are included in the Engineering & Consulting segment. During the year ended December 31, 2023, the Company completed one other immaterial acquisition (“Other 2023 Acquisition”) and recognized a bargain purchase gain of $0.3 million, included in Other (income) expense, net on the Consolidated Statements of Operations, which was derived primarily from negotiating directly with sellers without a competitive bidding process. Total consideration transferred of $188.5 million for the 2023 acquisitions consists of the following (in thousands):

|                                     |     | San Jose 
 Boiler   |        |   |     | A.O. Reed |         |     | OCI |        |   |     | Other 2023  
 Acquisition |   |     | Total |         |
|:------------------------------------|:----|:---------|-------:|:--|:----|:----------|--------:|:----|:----|-------:|:--|:----|:------------|:--|:----|:------|--------:|
| Cash                                |     | $        |  9,776 |   |     | $         |  92,388 |     | $   | 23,750 |   |     | $           | — |     | $     | 125,914 |
| Parent issuance of Parent interests |     |          |      — |   |     |           |  33,333 |     |     |  4,018 |   |     |             | — |     |       |  37,351 |
| Contingent consideration (earnout)  |     |