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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Consideration Transferred
Total consideration transferred of $21.5 million for the 2025 acquisitions consists of the following (in thousands):
IMDOther 2025 AcquisitionTotal
Cash$9,302 $6,818 $16,120 
Issuance of Legence Corp. Class A Common Stock3,589 449 4,038 
Holdback1,000 341 1,341 
Purchase price receivable(37)— (37)
Total consideration transferred$13,854 $7,608 $21,462 
Total consideration transferred of $459.9 million for the 2026 acquisitions consists of the following, subject to customary post‑closing purchase price adjustments (in thousands):

BowersMetrixTotal
Cash$283,104 $25,181 $308,285 
Issuance of Legence Corp Class A Common Stock98,635 7,802 106,437 
Deferred consideration44,941 — 44,941 
Holdback— 250 250 
Total consideration transferred$426,680 $33,233 $459,913 
Total consideration transferred of $243.7 million for the 2024 acquisitions consists of the following (in thousands):
P2SAMAOther 2024
Acquisition
Total
Cash$62,520 $154,916 $3,203 $220,639 
Parent issuance of Parent interests20,719 — 1,381 22,100 
Holdback— 983 — 983 
Total consideration transferred$83,239 $155,899 $4,584 $243,722 
Total consideration transferred of $188.5 million for the 2023 acquisitions consists of the following (in thousands):
San Jose BoilerA.O. ReedOCIOther 2023
Acquisition
Total
Cash$9,888 $99,691 $24,453 $— $134,032 
Parent issuance of Parent interests— 33,333 4,018 — 37,351 
Contingent consideration (earnout)— 11,529 2,400 — 13,929 
Promissory notes due to seller3,150 — — — 3,150 
Total consideration transferred$13,038 $144,553 $30,871 $— $188,462 
Schedule of Asset and Liabilities
A summary of the purchased assets and liabilities for the 2025 acquisitions acquired at their fair value was as follows (in thousands):
IMDOther 2025 AcquisitionTotal
Cash$— $76 $76 
Accounts receivable3,293 989 4,282 
Contract assets419 225 644 
Prepaid expenses and other current assets— 
Property and equipment1,318 23 1,341 
Operating lease right-of-use assets634 121 755 
Goodwill3,232 3,139 6,371 
Intangible assets7,690 4,070 11,760 
Other assets— 
16,586 8,654 25,240 
Accounts payable(1,100)(64)(1,164)
Accrued compensation and benefits(215)(74)(289)
Accrued and other current liabilities(152)(18)(170)
Contract liabilities(631)(769)(1,400)
Current portion of operating lease liabilities(238)(104)(342)
Operating lease liabilities, net of current portion(396)(17)(413)
(2,732)(1,046)(3,778)
Net acquired assets$13,854 $7,608 $21,462 
A summary of the purchased assets and liabilities for the 2024 acquisitions acquired at their fair value was as follows (in thousands):
P2SAMAOther 2024
Acquisition
Total
Cash$1,330 $2,578 $— $3,908 
Accounts receivable16,843 27,123 — 43,966 
Contract assets6,254 5,521 11 11,786 
Prepaid expenses and other current assets1,532 506 — 2,038 
Property and equipment5,074 2,605 — 7,679 
Operating lease right-of-use assets19,746 3,537 — 23,283 
Goodwill28,193 96,643 1,685 126,521 
Intangible assets37,800 46,250 3,020 87,070 
Other assets340 12,377 — 12,717 
117,112 197,140 4,716 318,968 
Accounts payable(53)(8,891)(33)(8,977)
Accrued compensation and benefits(3,963)(4,129)— (8,092)
Accrued and other current liabilities(3,966)(2,831)— (6,797)
Contract liabilities(6,238)(9,443)(96)(15,777)
Current portion of operating lease liabilities(1,313)(850)— (2,163)
Current portion of long-term debt— (316)— (316)
Operating lease liabilities, net of current portion(18,288)(2,947)— (21,235)
Long-term debt, net of current portion— (65)— (65)
Other long-term liabilities— (11,769)— (11,769)
Deferred tax liabilities, net(52)— (3)(55)
(33,873)(41,241)(132)(75,246)
Net acquired assets$83,239 $155,899 $4,584 $243,722 
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):
P2SAMAOther 2024
Acquisition
TotalWeighted-
average
Useful Life
(in years)
Customer relationships$27,600 $42,000 $2,850 $72,450 10.4
Trade names4,900 — — 4,900 11.8
Contract backlog5,300 4,250 170 9,720 1.4
$37,800 $46,250 $3,020 $87,070 
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived
Finite-lived intangible assets that are being amortized using the straight-line method over their estimated lives at the applicable acquisition dates in 2025 consist of the following (in thousands, except weighted-average useful lives):
IMDOther 2025 AcquisitionTotalWeighted-
average
Useful Life
(in years)
Customer relationships$5,040 $3,250 $8,290 8.3
Trade names1,900 — 1,900 9.3
Contract backlog750 820 1,570 1.7
$7,690 $4,070 $11,760 
Schedule of Supplemental Pro Forma Information The following unaudited supplemental pro forma results of operations for Legence are presented as if 2024 acquisitions had been consummated on January 1, 2023 and 2023 acquisitions had been consummated on January 1, 2022. These unaudited supplemental pro forma results are provided for illustrative purposes only and may not be indicative of the actual results that would have been achieved by the combined companies or the future results of the combined companies (in thousands).
Year Ended December 31,
20242023
Revenue$2,151,196 $1,985,764 
Net loss attributable to Legence$(18,156)$(69,498)