Company: LGN
Filing Date: 2025-07-15
Form Type: DRS/A
Source: 0000950123-25-006399
Chunk: 327

Company: Legence Corp.
Filing Date: 2025-07-15
Form: DRS/A
Chunk 327
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5 and December 31, 2024 were
$6.0 million and $9.8 million, respectively.

Remaining Performance Obligations

The Company had approximately $1,853.8 million in remaining performance obligations as of March 31, 2025, which represent the expected revenue values
under contract or otherwise secured fixed-price project commitments. The Company expects to recognize 75% of the remaining performance obligations within the next twelve months and the remaining 25% thereafter. The majority of the remaining
performance obligations after the first 12 months is expected to be recognized by the end of 2026.

Although remaining performance obligations reflect
expected revenue values that are considered to be firm, cancellations, scope adjustments or project deferrals may occur that impact the volume or the expected timing of revenue recognition.

Note 4—Acquisitions

During the three months ended
March 31, 2025, the Company did not acquire any businesses, nor did the Company record material measurement period adjustments for the businesses acquired during the year ended December 31, 2024.

2024 Acquisitions:

On March 1, 2024, the Company
acquired all of the outstanding equity of P2S LP (“P2S”). P2S is a consulting engineering, commissioning and construction management services firm based in California. This acquisition expands the Company’s services to new geographic
markets and priority end markets throughout the Western United States. The P2S operations and associated goodwill are included in the Engineering & Consulting segment.

On July 1, 2024, the Company acquired all of the outstanding equity of AMA Consulting Engineers Holdings LLC (“AMA”). AMA is a consulting
engineering, commissioning and construction management firm based in New York. This acquisition expands the Company’s geographic footprint, technical offerings and end markets. The AMA operations and associated goodwill are included in the
Engineering & Consulting segment.

During the year ended December 31, 2024, the Company completed one other immaterial acquisition
(“Other 2024 Acquisition”). The business is a part of the Engineering & Consulting segment and is an energy and sustainability advisory firm based in California. This acquisition expands the Company’s service offerings with a
focus on providing sustainability services, strategy, benchmarking and reporting services to commercial real estate clients.

F-73

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Legence Holdings LLC and Subsidiaries Notes to Condensed Consolidated Financial