Company: LGN
Filing Date: 2025-08-15
Form Type: S-1
Source: 0001193125-25-181698
Chunk: 290

Company: Legence Corp.
Filing Date: 2025-08-15
Form: S-1
Chunk 290
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 consolidated VIEs, including interest and penalties, of $11.8 million, which is recorded in Other long-term liabilities. The seller agreed to indemnify the Company for the outcome of these uncertain tax liabilities. Accordingly, the Company recognized a corresponding $11.8 million indemnification asset in Other assets. See “ Note 15—Income Taxes” for further information. Finite-lived intangible assets that are being amortized using the straight-line method over their estimated lives at the applicable acquisition dates in 2024 consist of the following (in thousands, except weighted-average useful lives):

|                        |     | P2S |         |     | AMA |         |     | Other 2024  
 Acquisition |        |     | Total |         |     | Weighted-   
 average     
 Useful Life 
 (in years)  |      |
|:-----------------------|:----|:----|--------:|:----|:----|--------:|:----|:------------|-------:|:----|:------|--------:|:----|:------------|-----:|
| Customer relationships |     | $   |  27,600 |     | $   |  42,000 |     | $           |  2,850 |     | $     |  72,450 |     |             | 10.4 |
| Trade names            |     |     |   4,900 |     |     |       — |     |             |      — |     |       |   4,900 |     |             | 11.8 |
| Contract backlog       |     |     |   5,300 |     |     |   4,250 |     |             |    170 |     |       |   9,720 |     |             |  1.4 |
|                        |     |     | $37,800 |     |     | $46,250 |     |             | $3,020 |     |       | $87,070 |     |             |      |

Goodwill arising from acquisitions is derived largely from expected synergies and growth as well as the acquired assembled workforces. Goodwill is deductible for tax purposes for the P2S, AMA and the Other 2024 Acquisition. Total acquisition-related costs of $5.6 million were incurred during the year ended December 31, 2024, including $2.3 million for P2S and $2.6 million for AMA. These