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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents the input level used to determine the fair value of the financial instruments measured at fair value on a recurring basis (in thousands):
December 31, 2025
Level 1Level 2Level 3
Assets:
Cash equivalents - money market$572 $— $— 
Interest rate swap instruments$— $42 $— 
Liabilities:
Interest rate swap instruments$— $1,194 $— 
December 31, 2024
Level 1Level 2Level 3
Assets:
Cash equivalents - money market$49,217 $— $— 
Interest rate swap instruments$— $9,248 $— 
Liabilities:
Interest rate swap instruments$— $137 $— 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following is a Level 3 summary of changes in contingent consideration liabilities (in thousands):
2024
Balance, beginning of period$65,700 
Payment of contingent consideration - cash(65,700)
Balance, end of period$— 
Schedule of Carrying Values and Fair Values of Debt Instruments The table below shows the fair value and carrying value of the term loan and promissory notes (a component of notes payable) included in Total debt as shown in "Note 9—Debt" (in thousands):
December 31, 2025December 31, 2024
Fair ValueCarrying ValueFair ValueCarrying Value
Term loan$803,995 $792,515 $1,597,825 $1,576,502 
Promissory notes$21,490 $22,906 $19,475 $22,646 
Schedule of Additional Cash Flow Information
During the tax year 2025, cash paid for income taxes, net of refunds consisted of the following:
Year Ended December 31, 2025
Federal
$9,605 
California
1,228 
Pennsylvania
942 
Other States
4,667 
Foreign
— 
Total$16,442 
Additional cash flow information was as follows (in thousands):
Year Ended December 31,
202520242023
Cash paid for interest and taxes
Interest paid, net of interest rate swaps(a)$96,884 $85,662 $61,794 
Income taxes paid, net of refunds$16,442 $17,496 $10,160 
Non-cash investing activities
Property and equipment additions included in Accounts payable$4,906 $429 $579 
Non-cash financing activities
Parent issuance of Parent interests for contingent consideration - related parties$— $— $9,325 
Deferred offering costs included in Accounts payable$60 $3,488 $— 
Contribution from Legence Parent for Series A Interests and Restricted Series C Interests$30,510 $— $— 
Contribution from Legence Parent II for Series A Interests$17,805 $— $— 
TRA liability - secondary offering exchanges$58,060 $— $— 
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability - secondary offering exchanges$4,552 $— $— 
Non-cash financing activities related to IPO and Corporate Reorganization
Reclassification of Series A Interests and Restricted Series C Interests from liability to equity$36,358 $— $— 
TRA liability recognized$146,474 $— $— 
Deferred tax asset, net of valuation allowance, recognized in connection with TRA liability$28,697 $— $— 
(a)The Company classifies the cash flows resulting from its interest rate swaps in Cash provided by operating activities on the Consolidated Statements of Cash Flows consistent with the interest that is hedged. Refer to “Note 11—Derivatives” for additional information on the Company's interest rate swaps.