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Goodwill and Identifiable Intangible Assets, Net
6 Months Ended
Jun. 30, 2023
Goodwill and Identifiable Intangible Assets, Net  
Goodwill and Identifiable Intangible Assets, Net

6. Goodwill and Identifiable Intangible Assets, Net

Goodwill

The changes in the carrying amount of goodwill are as follows (in thousands):

Mechanical Services

Electrical Services

    

Segment

    

Segment

Total

 

Balance at December 31, 2021

$

361,320

$

230,794

$

592,114

Acquisitions and purchase price adjustments (See Note 5)

 

2,609

17,066

19,675

Balance at December 31, 2022

363,929

247,860

611,789

Acquisitions and purchase price adjustments (See Note 5)

25,698

25,698

Balance at June 30, 2023

$

363,929

$

273,558

$

637,487

Identifiable Intangible Assets, Net

At June 30, 2023, future amortization expense of identifiable intangible assets is as follows (in thousands):

Year ending December 31—

    

    

2023 (remainder of the year)

$

21,243

2024

 

37,006

2025

 

34,525

2026

 

33,681

2027

31,699

Thereafter

 

126,903

Total

$

285,057