Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 208

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 208
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 Common Stock) and our Class A Common Stock,
among other things.

We and the LGN Unit Holders will generally incur U.S. federal, state and local income taxes on our proportionate
share of any taxable income of Legence Holdings and will be allocated our proportionate share of any taxable loss of Legence Holdings. The Legence Holdings LLC Agreement will provide, to the extent cash is available, for distributions pro rata to us
and the LGN Unit Holders in an amount at least sufficient to allow us to pay our taxes and make payments under the Tax Receivable Agreement.

139

Confidential Treatment Requested by Legence Corp.

Pursuant to 17 C.F.R. Section 200.83

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Corporate Reorganization

In connection
with our Corporate Reorganization, we will engage in transactions with certain affiliates and our existing equity holders. “Corporate Reorganization” contains a description of these transactions.

Transactions with Entities Associated with Legence Holdings and Blackstone Fund

Legence Holdings had related-party revenue from certain unconsolidated joint ventures of $5.7 million for the year ended December 31, 2024.
Additionally, during the years ended December 31, 2023 and 2022, Legence Holdings had revenue of $3.0 million and $6.0 million, respectively, related to contracts with entities associated with Legence Holdings and the Blackstone Fund. In connection
with certain business acquisitions, a portion of the contingent consideration was transferred to certain sellers who became members of management of the Company. See “Note 4—Acquisitions” and “Note 10—Fair Value
Measurements” in the Notes to Consolidated Financial Statements for additional information about the contingent consideration.

In
addition, we lease real estate, vehicles and other equipment under various arrangements. Certain real estate operating leases are under noncancelable agreements with entities owned by certain members of our management team and/or interest holders of
Legence Parent. See “Note 8—Leases” in the Notes to Consolidated Financial Statements for additional information about these leases.

In connection with certain acquisitions, we have issued promissory notes to the sellers of certain purchased entities, some of whom are now
our affiliates and/or equity holders. See “Note 17—Related Party Transactions”, “Note 9—Debt” and “Note 4—Acquisitions” in the Notes to Consolidated Financial Statements for additional information about