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Acquisitions | 3 Months Ended
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May 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions | 2. Acquisitions Canton Galvanizing On July 1, 2025, we completed the acquisition of all the assets of Canton Galvanizing, LLC ("Canton Galvanizing"), a privately held hot-dip galvanizing company based in Canton, Ohio, for approximately $30.1 million. The acquisition expanded our geographical coverage in metal coatings capacity and further strengthens our network of facilities in the Midwest region of the United States. The business is included in the AZZ Metal Coatings segment. The goodwill arising from this acquisition was allocated to the AZZ Metal Coatings segment and is expected to be deductible for income tax purposes. The allocation of purchase price to the identifiable assets acquired and liabilities assumed for this acquisition has been finalized. Intangible assets subject to amortization from the acquisition consist of customer relationships. The total weighted-average amortization period for these assets is 15 years, and the assets have no residual value. The following table summarizes the fair values of the allocation of assets acquired and liabilities assumed, in aggregate, related to the Canton Galvanizing acquisition, as of the date of the acquisition (in thousands):
| July 1, 2025
Assets |
Accounts receivable | $ | 1,409 |
Inventories | 1,049 |
Property, plant and equipment | 4,759 |
Goodwill | 9,585 |
Intangibles and other assets | 13,810 |
Total fair value of assets acquired | $ | 30,612 |
Liabilities |
Accounts payable | (237) |
Other accrued liabilities | (231) |
Total fair value of liabilities assumed | $ | (468) |
Total purchase price, net of cash acquired | $ | 30,144 |

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