Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 164

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 164
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-time employees across 70 offices and 45 U.S. states. For the year ended December 31, 2024, we generated $2,098.6 million in revenue, $27.6 million in net loss and $229.6 million in Adjusted EBITDA representing a Net Loss Margin of (1.3)% and Adjusted EBITDA Margin of 10.9%. For the six months ended June 30, 2025, we generated $1,104.8 million in revenue, $23.0 million in net loss and $123.0 million in Adjusted EBITDA representing a Net Loss Margin of (2.1)% and Adjusted EBITDA Margin of 11.1%. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAPfinancial measures, for a reconciliation to the nearest GAAP financial measure, please see “Prospectus Summary—Non-GAAPFinancial Measures.” Our Strengths We believe the following strengths of our business position us to capitalize on continued growth in demand for engineering, consulting, installation and maintenance services; reinforce our leadership position in the markets we focus on; and distinguish us from our competitors:

| • |     | Direct beneficiary of megatrends. Real annualized private construction spending on data centers and                                                                                                                                           
 manufacturing facilities was at the highest level ever recorded, rising to $269 billion in February 2025, according to data from the U.S. Census Bureau. We believe our focus on data centers, manufacturing facilities and energy efficiency 
 upgrades positions us to benefit from increasing investment in data centers, the reshoring of manufacturing, rising power prices and accelerating load growth. In 2024, we generated over 63% of our revenues from new building projects from 
 clients in the data centers & technology client end market, and the majority of our revenues from existing building projects from energy efficiency upgrades, sustainability consulting and MEP refurbishments.                               |

| • |     | Deep technical expertise in mission-critical systems. We have over 100 years of experience working in                                                                                                                                                     
 technically demanding buildings, and we specialize in designing and installing mission-critical systems, including HVAC systems for data centers and life sciences facilities, and process piping for semiconductor and life sciences manufacturing. We   
 count more than 60% of the companies in the Nasdaq-100 Index as clients and successfully completed more than 350,000 jobs from 2019 to 2024. We believe there are a limited number of companies with our capabilities and expertise which