Legence Corp. is the sole managing member of Legence Holdings, and the Company consolidates the financial results of Legence Holdings. Therefore, the Company reports a noncontrolling interest on the portion of net assets and income not attributable to Legence.

The following table summarizes the change in ownership of Legence Holdings during the three months ended March 31, 2026. Please refer to “Note 10—Stockholders' Equity” for additional information related to activity during the three months ended March 31, 2026.


	Ownership			Ownership Percentage
	Legence Corp. (LGN A Units)	Non- controlling interests (LGN B Units)	Total	Legence Corp. (LGN A Units)		Non- controlling interests (LGN B Units)		Total
Balance, December 31, 2025	63,856,975	41,479,954	105,336,929	60.6	%	39.4	%	100.0	%
Issuance of Class A Common Stock for acquisitions	2,701,003	—	2,701,003	1.0	%	(1.0)	%	—	%
Effects of exercise of underwriters' overallotment option	780,121	(780,121)	—	0.7	%	(0.7)	%	—	%
Balance, March 31, 2026	67,338,099	40,699,833	108,037,932	62.3	%	37.7	%	100.0	%

Net income (loss) attributable to Legence Holdings is attributed to the Company and the noncontrolling interest based on their relative ownership percentages. Changes in ownership that do not result in a loss of control are accounted for as equity transactions in accordance with ASC Topic 810, Consolidation.

Noncontrolling interests as presented on the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations reflect balances and activity related to the following:

b.Contributions from Legence Parent for Series A Interests and Restricted Series C Interests based on the percentage that Legence Parent contributes relative to the total contributions of Series A Interests and Restricted Series C Interests from Legence Parent and Legence Parent II. These capital contributions from Legence Parent recorded in noncontrolling interests are reclassified to additional paid-in capital on a proportional basis when a change in ownership occurs related to an exchange of LGN B Units.