Company: LGN
Filing Date: 2025-04-30
Form Type: DRS/A
Source: 0000950123-25-003868
Chunk: 119

Company: Legence Corp.
Filing Date: 2025-04-30
Form: DRS/A
Chunk 119
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 specification” (“P&S”) projects. Under design-build                                    
 projects, we provide the design for the project and install it. Under P&S projects, our client is responsible for designing the project and we install it to their specifications. For certain jobs, we also fabricate customized components that are 
 not readily available for purchase from other third-party vendors or provide modular construction services based on a client’s specifications. We generated approximately 79% of our 2024 Installation & Maintenance segment revenues from            
 Installation & Fabrication services.                                                                                                                                                                                                                  |

| • |     | Maintenance & Service. We provide preventative maintenance, emergency                                                                                                                                                                                   
 repair and break-fix services over the life of a building’s mechanical systems. Our services include regular inspections and maintenance to prevent downtime; responding to calls and sending technicians onsite to repair a system failure or          
 malfunction; and other complementary services such as facility energy analysis, automation and optimization, system certification and testing. We typically provide preventative maintenance services under annual or longer-term agreements that range 
 from one to five years. We generated approximately 21% of our 2024 Installation & Maintenance segment revenues from Maintenance & Service work.                                                                                                         |

Key Factors Affecting Our Performance We believe that our financial performance, results of operations and future success depend on a number of factors that present significant opportunities for us but also pose risks and challenges, including those described below and in the section of this prospectus entitled “Risk Factors.” Commercial Construction Activity Demand for our services depends in part on commercial construction activity, which is subject to business and economic cycles. We typically see greater demand for our services when the economy is growing and interest rates are stable or falling because these conditions encourage businesses to invest in their facilities. We typically see less demand for our services when the economy is contracting and interest rates are rising. To mitigate the impact of downturns in the economy on our business, we have focused on sectors with strong secular growth that we believe are less sensitive to macroeconomic conditions, including technology, life sciences and education, and on services that help clients reduce their energy costs because we believe cost reduction is attractive to clients in all economic environments. Investment in Technology and Related Infrastructure We derive a significant portion of our revenues from technology companies, and demand for our services depends, in part, on technology companies making continued investments in their facilities. Investment in 78

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

technology is subject to a number of factors, including the frequency and nature