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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2023
Business Acquisition [Line Items] |
Schedule of consideration transferred | ​
​ | ​ | ​ | ​
Cash consideration | ​ | $ | 1,714.2
Fair value of common shares issued | ​ | ​ | 3,713.0
Fair value of exchanged IAA equity awards attributable to pre-combination service | ​ | ​ | 13.1
Reimbursement of sell-side acquisition costs | ​ | ​ | 48.8
Repayment of IAA net debt | ​ | ​ | 1,157.1
Total fair value of consideration transferred | ​ | $ | 6,646.2
Schedule of pro forma results | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | ​ | Six months ended
​ | ​ | June 30, | ​ | ​ | June 30,
​ |  | 2022 | ​ | ​ | ​ | 2023 | ​ | ​ | 2022
Revenue | ​ | $ | 1,004.4 | ​ | ​ | $ | 2,094.5 | ​ | $ | 1,955.2
Net income | ​ | ​ | 40.6 | ​ | ​ | ​ | 186.9 | ​ | ​ | 42.5
IAA |
Business Acquisition [Line Items] |
Schedule of purchase price allocation | ​
​ | ​ | ​ | ​
​ | ​ |  | ​
Purchase price | ​ | $ | 6,646.2
​ | ​ | ​ | ​
Assets acquired: | ​ |  | ​
Cash and cash equivalents | ​ | ​ | 164.9
Trade and other receivables | ​ |  | 499.2
Prepaid consigned vehicle charges | ​ | ​ | 8.7
Inventory | ​ | ​ | 57.6
Other current assets | ​ | ​ | 29.2
Income taxes receivable | ​ | ​ | 1.9
Property, plant and equipment | ​ |  | 634.3
Operating lease right-of-use assets | ​ | ​ | 1,272.2
Other non-current assets | ​ |  | 34.8
Intangible assets | ​ |  | 2,447.7
​ | ​ |  | ​
Liabilities assumed: | ​ |  | ​
Auction proceeds payable | ​ | ​ | 60.7
Trade and other liabilities | ​ |  | 259.2
Current operating lease liability | ​ | ​ | 78.1
Income taxes payable | ​ | ​ | 6.3
Long-term operating lease liability | ​ | ​ | 1,166.1
Other non-current liabilities | ​ | ​ | 22.4
Deferred tax liabilities | ​ |  | 628.3
​ | ​ | ​ | ​
Fair value of identifiable net assets acquired | ​ |  | 2,929.4
Goodwill acquired on acquisition | ​ | $ | 3,716.8
Schedule of fair values of the identifiable intangible assets acquired and their related estimated useful lives | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Preliminary fair value | ​ | Weighted average
Asset | ​ | at acquisition | ​ | amortization period
Customer relationships | ​ | $ | 2,035.9 | ​ | 12 years
Developed technology | ​ | ​ | 245.2 | ​ | 4 years
Trade names and trademarks | ​ | ​ | 166.6 | ​ | 5 years
Total | ​ | $ | 2,447.7 | ​ | 10.7 years
VeriTread |
Business Acquisition [Line Items] |
Schedule of purchase price allocation | ​
​ | ​ | ​ | ​
Total cash consideration paid | ​ | $ | 28.1
Fair value of previously held interest | ​ | ​ | 4.3
Purchase price | ​ | $ | 32.4
​ | ​ |  |
Assets acquired: | ​ |  |
Cash and cash equivalents | ​ | ​ | 3.4
Trade and other receivables, and other current assets | ​ |  | 0.9
Intangible assets | ​ |  | 14.7
​ | ​ |  |
Liabilities assumed: | ​ |  |
Trade and other liabilities | ​ |  | 1.1
​ | ​ | ​ | ​
Fair value of identifiable net assets acquired | ​ |  | 17.9
​ | ​ | ​ | ​
Redeemable non-controlling interest | ​ | ​ | (8.9)
Non-controlling interest | ​ | ​ | (1.8)
​ | ​ | ​ | ​
Goodwill acquired on acquisition | ​ | $ | 25.2
Schedule of fair values of the identifiable intangible assets acquired and their related estimated useful lives | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Preliminary fair value | ​ | Weighted average
Asset | ​ | at acquisition | ​ | amortization period
Customer relationships | ​ | $ | 7.2 | ​ | 5 years
Software and technology assets | ​ | ​ | 7.1 | ​ | 7 years
Trade names and trademarks | ​ | ​ | 0.4 | ​ | 2 years
Total | ​ | $ | 14.7 | ​ | 5.9 years

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