Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 169

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 169
---
 engineers,
consultants, project managers, craftworkers and service technicians. We believe our

118

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

success in retaining qualified employees will be based on the quality of our recruiting, talent development, project experience and opportunities for advancement. We provide numerous training
programs for our employees on topics including safety, engineering and technical training, anti-harassment, anti-discrimination and inclusion, as well as digital learning opportunities and on-the-job training including apprenticeship and leadership programs. We also provide co-op programs which serve as experiential learning opportunities and a
recruitment channel for college students looking for careers in engineering, consulting and construction.

Safety. We have
established comprehensive safety programs throughout our operations designed to comply with our internal safety standards as well as applicable federal, state and local laws and regulations. We have a dedicated safety task force that is responsible
for planning and implementing safety initiatives and programs across our company. Our total recordable incident rate per one hundred employees per year was 0.47 during 2024. Our lost-time incident rate per one hundred employees per year was 0.09
during 2024. These rates were 84% and 93% lower than the most recently published U.S. Bureau of Labor Statistics’ overall rates for our industry, respectively.

Competition

We compete with national,
regional, and local companies, including many small, owner-operated entities that operate their businesses in a limited geographic area. National competitors of our Engineering & Consulting segment include Affiliated Engineers Inc., Stantec
Inc. and WSP Global, Inc. National competitors of our Installation & Maintenance segment include Comfort Systems USA, Inc., ACCO Engineered Systems, Inc. and Southland Industries, Inc.

We believe our strategy of providing a comprehensive suite of engineering, consulting, installation and maintenance services gives us a
competitive advantage over smaller competitors and competitors with more limited capabilities.

Customer Contracts

Historically, the vast majority of our revenues have been generated by customer contracts that are fixed-price. Under our fixed-price
contracts, we are obligated to deliver a specific scope of services for a fixed-price. When a project requires changes to the scope of services in a fixed-price contract, we charge amounts over and above the fixed-price to compensate us for the
changes. Approximately 70% of our revenues over the period from 2021 to 2024 were from jobs that had contract