Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 253

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 253
---
     |             | — |     |       |   3,754 |
| Total consideration transferred     |     | $        | 13,038 |   |     | $         | 144,553 |     | $   | 30,871 |   |     | $           | — |     | $     | 188,462 |

Parent issued 22,053 Series C Common Interests in the Company’s purchase of A.O. Reed and 2,557 Series C Common Interests in the Company’s purchase of OCI. The fair value of Parent interests was estimated utilizing F-23

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Consolidated Financial Statements the OPM. Contingent consideration is valued using a Monte Carlo Analysis. For the A.O. Reed and OCI acquisitions, the contingent consideration was transferred 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. As of December 31, 2023, there is $4.4 million in holdback included in Accrued and other current liabilities on the Consolidated Balance Sheet related to 2023 acquisitions. A summary of the purchased assets and liabilities for the 2023 acquisitions acquired at their fair value was as follows (in thousands):

|                                                     |     | San Jose 
 Boiler   |        |   |     | A.O. Reed |         |   |     | OCI |        |   |     | Other 2023  
 Acquisition |     |   |     | Total |         |   |
|:----------------------------------------------------|:----|:---------|-------:|:--|:----|:----------|--------:|:--|:----|:----|-------:|:--|:----|:------------|----:|:--|:----|:------|--------:|:--|
| Cash                                                |     | $        |  1,125 |   |     | $         |   5,200 |   |     | $   |     80 |   |     | $           |   — |   |     | $     |   6,405 |   |
| Accounts receivable                                 |     |          |  2,808 |   |     |           |