Company: LGN
Filing Date: 2025-02-14
Form Type: DRS
Source: 0000950123-25-002471
Chunk: 16

Company: Legence Corp.
Filing Date: 2025-02-14
Form: DRS
Chunk 16
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 of business combinations and certain changes to the composition of the Legence board of directors) with respect to any taxable periods ending
on or after such early termination event, in each case, as a result of (i) Legence’s allocable share of existing tax basis acquired in connection with this offering and increases to such allocable share of existing tax basis;
(ii) Legence’s utilization of certain tax attributes of the Blocker Entities; (iii) increases in tax basis resulting from future redemptions or exchanges (or deemed exchanges in certain circumstances) of Legence Holdings interests for
Class A Common Stock or cash and certain distributions (or deemed distributions) by Legence Holdings (any resulting tax basis increases, the “Basis Adjustments”); and (iv) certain additional tax benefits arising from payments
made under the Tax Receivable Agreement. Legence will retain the benefit of the remaining 15% of these cash savings, if any. If the Tax Receivable Agreement terminates early, we could be required to make a substantial, immediate lump-sum payment. “Certain Relationships and Related Party Transactions—Tax Receivable Agreement” contains more information.

The Corporate Reorganization will be accounted for as a reorganization of entities under common control. As a result, the consolidated
financial statements of Legence will recognize the assets and liabilities received in the reorganization at their historical carrying amounts, as reflected in the historical financial statements of Legence Holdings. Legence will consolidate Legence
Holdings on its consolidated financial statements and record a non-controlling interest related to the LGN Units held by the LGN Unit Holders.

7

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83

The following diagram depicts our simplified ownership structure immediately following this offering and the transactions related thereto (assuming that the underwriters’ option to purchase additional shares is not exercised):

| (1) | Following the Corporate Reorganization, Blackstone and the Management Members will hold the outstanding                                                                                                                                
 membership interests of the Legence Aggregators. Blackstone will serve as the managing member of each Legence Aggregator and as a result, may be considered to beneficially own all of our securities held by the Legence Aggregators. |

We have granted the underwriters a 30-dayoption to purchase up to an aggregate of additional shares of Class A Common Stock. We intend to use a portion of the net proceeds received from the sale of additional shares to repurchase a portion of the shares of