Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 113

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 113
---
 from new building projects and 67.5% of our revenues from retrofits, upgrades and maintenance for existing buildings. Our team includes approximately 1,200 MEP engineers and energy consultants, and approximately 3,400 HVAC and plumbing
service technicians, fitters, electricians and sheet metal workers, of which approximately 570 are responsible for providing maintenance services to over 5,900 clients. We completed more than 50,000 jobs each year for clients across the United
States during the period from 2021 through 2024.

Our clients include large technology and industrial companies and public sector
institutions who contract with us directly to provide services, as well as intermediaries such as architects and general contractors who subcontract MEP services to us as part of a larger project. We served approximately 19,000 clients from 2019
through 2024. In 2024, we generated less than 2% of our revenues from the federal government. Excluding maintenance contracts which can span multiple years, we typically complete most of our jobs within six months. Approximately 70% of our revenues
over the period from 2021 to 2024 were from jobs that had contract prices of less than $10 million, after giving pro forma effect to acquisitions made over that period. Our largest client represented approximately 4% of our revenues over the
period from 2021 to 2024, after giving pro forma effect to acquisitions made over that period.

78

The contribution to our revenue by building type and client end market is as follows (dollars in thousands):

|                                 |     | Three Months Ended June 30, |    2024 |     |   |       |   |     |   |    2025 |     |   |       |   |
|:--------------------------------|:----|:----------------------------|--------:|:----|:--|------:|:--|:----|:--|--------:|:----|:--|------:|:--|
|                                 |     | $                           |         |     | % |       |   |     | $ |         |     | % |       |   |
| Revenue by Building Type        |     |                             |         |     |   |       |   |     |   |         |     |   |       |   |
| Existing building               |     | $                           | 342,765 |     |   |  65.8 | % |     | $ | 410,395 |