Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 281

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 281
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 |      — |   |     |            |    500 |   |     |              |  1,175 |   |     |       |   1,675 |   |
| Promissory notes due to seller      |     |            |      — |     |           |  8,250 |   |     |            |  7,750 |   |     |              |      — |   |     |       |  16,000 |   |
| Purchase price receivable           |     |            |      — |     |           |    (53 | ) |     |            |   (211 | ) |     |              |   (616 | ) |     |       |    (880 | ) |
| Total consideration transferred     |     | $          | 69,982 |     | $         | 46,842 |   |     | $          | 57,342 |   |     | $            | 20,294 |   |     | $     | 194,460 |   |

Parent issued Series C Common Interests in the Company’s purchase of Black Bear, SC Engineers and Other 2022 Acquisitions for 7,455, 7,353 and 2,757 interests, respectively. Contingent consideration is valued using a Monte Carlo Analysis. For the acquisition of Black Bear, a portion of the contingent consideration was owed to sellers who became members of management of the Company and therefore are related parties. Holdback amounts reflect consideration transferred to be paid in cash after the acquisition date assuming conditions for release of the holdback are met. Promissory notes are valued using a discounted cash flow method. Goodwill is deductible for tax purposes for the SC Engineers, Lord Green and Other 2022 Acquisitions. Goodwill is not deductible for tax purposes for the Black Bear acquisition. Acquisition-related costs of $5.6 million were incurred for the year ended December 31, 2022, including $1.6 million for SC Engineers, $1.3 million for Black Bear and $0.8 million for Lord Green. These costs are included within Acquisition-related costs in the Consolidated Statements of Operations for the year ended December 31, 2022. During the year ended December 31, 2022, the Company recognized a bargain purchase gain of $0.7 million, included in Other (income) expense, net on the Consolidated Statements of Operations, related to Other 2022 Acquisitions,