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BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Business Acquisitions Fair Value Consideration Transferred | The acquisition date fair value of the consideration transferred totaled $3.9 billion, which consisted of the following:
Cash | $ | 1,794,641 |
Equity(1) | 1,657,881 |
Contingent consideration(2) | 465,080 |
Total | $ | 3,917,602 |
(1)9.5 million shares of Class A common stock, excluding 0.1 million shares held in escrow for future issuance, and 0.1 million Ares Operating Group Units (“AOG Units”) were issued in connection with the GCP Acquisition purchase consideration. (2)See “Note 8. Commitments and Contingencies” for a further description of the contingent consideration from the GCP Acquisition.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following is a summary of the fair values of assets acquired and liabilities assumed for the GCP Acquisition as of March 1, 2025, based upon third party valuations of certain intangible assets. The fair value of assets acquired and liabilities assumed are estimated to be:
Cash | $ | 66,682 |
Other tangible assets | 456,224 |
Intangible assets: |
Management contracts | 473,300 |
Client relationships | 107,200 |
Finite-lived intangible assets | 580,500 |
Indefinite-lived management contracts | 749,600 |
Total intangible assets | 1,330,100 |
Total identifiable assets acquired | 1,853,006 |
Accounts payable, accrued expenses and other liabilities | 233,015 |
Net identifiable assets acquired | 1,619,991 |
Goodwill | 2,297,611 |
Net assets acquired | $ | 3,917,602 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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