Company: LGN
Filing Date: 2025-12-09
Form Type: S-1
Source: 0001193125-25-312729
Chunk: 16

Company: Legence Corp.
Filing Date: 2025-12-09
Form: S-1
Chunk 16
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2021 to 2024, after giving pro forma effect to acquisitions we made over that period. Maintenance services are attractive to us because they generate higher margins than our other installation services, do not rely on continued investment in         
 facilities to grow and are typically recurring in nature. Our strategy is to increase revenue from maintenance services by hiring additional sales staff and technicians that focus on securing new maintenance contracts. Additionally, we have designed 
 our account management strategies to highlight our maintenance capabilities with the goal of growing our maintenance service work with existing clients.                                                                                                  |

| • |     | Making “bolt-on” acquisitions that expand our geographic                                                                                                                                                                                          
 footprint and increase density in demand-rich markets. We believe that acquisitions can accelerate our growth by creating access to new clients, expanding our footprint to new regions and adding capabilities in new areas. We are continuously 
 evaluating potential acquisitions of engineering, consulting, installation and maintenance service providers in the United States. Our strategy is to acquire                                                                                     
 best-in-class engineering and consulting firms focused on energy efficiency, as well as leading installation and maintenance service                                                                                                              |

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| providers. We seek to acquire companies that have a track record of strong financial performance and safe operations and are in regions that are experiencing significant growth. In addition, we 
 will consider acquisitions of companies with complementary services to our own and companies that operate in attractive international markets.                                                    |

Recent Developments Bowers Acquisition On November 13, 2025 (the “Effective Date”), we and Legence Subsidiary Holdings, LLC (the “Purchaser”) entered into an Equity Purchase Agreement (the “Purchase Agreement”) with The Bowers Group, Inc., a Maryland corporation (“Bowers”), and Wayne E. Bowers Revocable Living Trust, Quiet Harbor Trust and The David O’Donnell Revocable Trust dated Nov. 15, 2008 (each a “Seller” and collectively, the “Sellers”), which provides for a series of transactions, on the terms and subject to the conditions set forth therein, whereby (i) the Sellers will cause Bowers and certain of its subsidiaries to convert into Maryland limited liability companies and the Sellers will contribute 100% of their equity interests of Bowers (the “Bowers Interests”) to a newly formed Delaware limited liability company (“NewCo”), which will be wholly owned by the Sellers and join as a party to the Purchase Agreement, and (ii) Purchaser has agreed to purchase from NewCo all of the interests in Bowers and its subsidiaries. Bowers and