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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Combinations | Below is a summary of acquisitions in aggregate by year, including revenue and net (loss) income since date of acquisition shown for the year of acquisition. Net income includes amortization and taxes when appropriate. For the three and six months ended June 30, 2026 (in millions):
|  |  |  |  |  |  |  |  |  |  |  | Three months ended June 30, 2026 |  | Six months ended June 30, 2026
2026 Acquisitions |  | Date |  | Acquisition Type |  | Cash Paid |  | Seller Obligations |  | Total Purchase Price |  | Revenue |  | Net (Loss) |  | Revenue |  | Net (Loss)
Thermo-Tech |  | 2/2/2026 |  | Asset |  | $ | 18.0 |  |  | $ | 1.5 |  |  | $ | 19.5 |  |  | $ | 3.5 |  |  | $ | 0.0 |  |  | $ | 5.0 |  |  | $ | (0.2) |
Diamond Energy |  | 5/17/2026 |  | Stock |  | 18.9 |  |  | 2.0 |  |  | 20.9 |  |  | 1.1 |  |  | (0.2) |  |  | 1.1 |  |  | (0.2) |
Other |  | Various |  | Asset |  | 10.8 |  |  | 1.4 |  |  | 12.2 |  |  | 4.0 |  |  | (0.1) |  |  | 5.9 |  |  | (0.1) |
|  |  |  |  |  | $ | 47.7 |  |  | $ | 4.9 |  |  | $ | 52.6 |  |  | $ | 8.6 |  |  | $ | (0.3) |  |  | $ | 12.0 |  |  | $ | (0.5) |
For the three and six months ended June 30, 2025 (in millions):
|  |  |  |  |  |  |  |  |  |  |  | Three months ended June 30, 2025 |  | Six months ended June 30, 2025
2025 Acquisitions |  | Date |  | Acquisition Type |  | Cash Paid |  | Seller Obligations |  | Total Purchase Price |  | Revenue |  | Net Income |  | Revenue |  | Net Income
Other |  | Various |  | Asset |  | $ | 11.3 |  |  | $ | 0.6 |  |  | $ | 11.9 |  |  | $ | 1.7 |  |  | $ | 0.1 |  |  | $ | 1.9 |  |  | $ | 0.1 |
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed | The estimated fair values of the assets acquired and liabilities assumed for the acquisitions, as well as total purchase prices and cash paid, approximated the following (in millions):
| Six months ended June 30, 2026 |  | Six months ended June 30, 2025 |  |
| Thermo-Tech |  | Diamond Energy |  | Other |  |  |  | Total |  | Other |  |
Estimated fair values: |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable | $ | 3.0 |  |  | $ | 1.9 |  |  | $ | 0.3 |  |  |  |  | $ | 5.2 |  |  | $ | — |  |  |
Inventories | 0.1 |  |  | 0.4 |  |  | 0.5 |  |  |  |  | 1.0 |  | 0.3 |  |  |
Other current assets | — |  |  | 0.1 |  |  | — |  |  |  |  | 0.1 |  | 0.0 |  |  |
Property and equipment | 0.3 |  |  | 0.6 |  |  | 2.0 |  |  |  |  | 2.9 |  | 0.9 |  |  |
Operating lease right-of-use asset | — |  |  | 0.9 |  |  | 0.2 |  |  |  |  | 1.1 |  | 0.2 |  |  |
Intangibles | 9.3 |  |  | 11.1 |  |  | 6.1 |  |  |  |  | 26.5 |  | 7.1 |  |  |
Goodwill | 7.1 |  |  | 8.3 |  |  | 3.3 |  |  |  |  | 18.7 |  | 3.6 |  |  |
Other non-current assets | 0.3 |  |  | 0.2 |  |  | 0.0 |  |  |  |  | 0.5 |  | 0.0 |  |  |
Accounts payable and other current liabilities | (0.6) |  |  | (2.0) |  |  | (0.1) |  |  |  |  | (2.7) |  |  | — |  |  |
Other long-term liabilities | — |  |  | (0.6) |  |  | (0.1) |  |  |  |  | (0.7) |  |  | (0.2) |  |  |
Fair value of assets acquired and purchase price | 19.5 |  |  | 20.9 |  |  | 12.2 |  |  |  |  | 52.6 |  | 11.9 |  |  |
Less seller obligations | 1.5 |  |  | 2.0 |  |  | 1.4 |  |  |  |  | 4.9 |  | 0.6 |  |  |
Cash paid | $ | 18.0 |  |  | $ | 18.9 |  |  | $ | 10.8 |  |  |  |  | $ | 47.7 |  |  | $ | 11.3 |  |  |
Schedule of Estimates of Acquired Intangible Assets | Estimates of acquired intangible assets related to the acquisitions are as follows (in millions):
|  | For the six months ended June 30,
|  | 2026 |  | 2025
Acquired intangibles assets |  | Estimated Fair Value |  | Weighted Average Estimated Useful Life (yrs.) |  | Estimated Fair Value |  | Weighted Average Estimated Useful Life (yrs.)
Customer relationships |  | $ | 16.4 |  |  | 12 |  | $ | 4.8 |  |  | 12
Trademarks, tradenames and other |  | 7.6 |  |  | 15 |  | 1.7 |  |  | 15
Non-competition agreements |  | 0.6 |  |  | 5 |  | 0.3 |  |  | 5
Backlog |  | 1.9 |  |  | 1 |  | 0.3 |  |  | 1
Schedule of Pro Forma Results of Operations | The unaudited pro forma information is not necessarily indicative of the results that we would have achieved had the transactions actually taken place on January 1, 2025 and 2024, respectively, and the unaudited pro forma information does not purport to be indicative of future financial operating results (in millions, except per share data):
| Unaudited pro forma for the three months ended June 30, |  | Unaudited pro forma for the six months ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Net revenue | $ | 779.5 |  |  | $ | 783.1 |  |  | $ | 1,444.8 |  |  | $ | 1,489.3 |
Net income | 64.8 |  |  | 70.6 |  |  | 99.3 |  |  | 117.4 |
Basic net income per share | 2.43 |  |  | 2.58 |  |  | 3.72 |  |  | 4.28 |
Diluted net income per share | 2.43 |  |  | 2.58 |  |  | 3.70 |  |  | 4.26 |

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