Company: LGN
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001193125-25-186788
Chunk: 324

Company: Legence Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 324
---
 |     |                         |  (5,464 | ) |     |   |  (4,249 | ) |     |   |    (236 | ) |
| Credit agreement amendment fees                                   |     |                         |   7,801 |   |     |   |       — |   |     |   |       — |   |
| Other (income) expense, net                                       |     |                         |    (473 | ) |     |   |     257 |   |     |   |    (187 | ) |
| Loss before income tax                                            |     | $                       | (23,122 | ) |     | $ | (53,944 | ) |     | $ | (74,661 | ) |

Separate measures of Legence’s assets, including capital expenditures, are not produced or utilized by management to evaluate segment performance. All operations are located in the United States, the Company’s country of domicile. Note 17—Related Party Transactions The Company’s related party transactions include transactions with related parties and certain entities associated with the Company and Sponsor. F-60

Legence Holdings LLC and Subsidiaries

Notes to Consolidated Financial Statements

As discussed in “”, the Company 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, the Company had revenue
of $3.0 million and $6.0 million, respectively, related to contracts with entities associated with the Company and Sponsor.

As discussed in
“” and “”, 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.

As discussed in “”, the Company has various lease agreements with entities
owned by members of its management team and/or Parent interests holders.

As discussed in “”, a portion of the
Company’s term loan is held by entities associated with the Company and Sponsor. As discussed in “” and “”, the Company issued certain related party promissory
notes in connection with certain acquisitions.

Note 18—Commitments and Contingencies

Legal Proceedings

The Company is involved in various
claims and legal proceedings incidental to its normal business activities. When a potential loss from a proceeding or claim is considered probable and the amount can be reasonably estimated or a range of loss can be determined, a loss contingency is
recorded.