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Business Combinations and Asset Acquisition (Tables)
 12 Months Ended
Dec. 31, 2025
Business Combination [Line Items]  
Schedule of Intangible Assets and Amortization Periods

Identifiable intangible assets and their amortization periods were estimated as follows (in thousands):

 

 

Cost Basis

 

 

Useful Life (years)

Flogistix

 

 

 

 

 

 

Trade name

$

 

16,650

 

 

10

Developed Technology

 

 

47,450

 

 

20

Customer relationships

 

 

46,190

 

 

14

$

 

110,290

 

 

 

FPS

 

 

 

 

 

 

Trade name

$

 

39,000

 

 

10

Developed Technology

 

 

39,000

 

 

10

Customer relationships

 

 

116,000

 

 

9

$

 

194,000

 

 

 
Schedule of Certain Unaudited Pro Forma Financial Information The following table (in thousands) presents certain unaudited pro forma financial information for the years ended December 31, 2024 and 2023, as if the 2024 Business Combination had been completed on January 1, 2023.

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Pro forma net sales

 

$

 

733,259

 

 

$

 

665,311

 

Pro forma net income

 

$

 

103,999

 

 

$

 

122,177

 
Archrock, Inc.  
Business Combination [Line Items]  
Schedule of Final Purchase Price and Assessment of Fair Value of Assets Acquired

The purchase price allocation related to the Archrock acquisition is as follows (in thousands):

 

Cost Basis

 

 

Useful Life (years)

 

Property, plant and equipment

$

 

68,903

 

 

 

7 – 15

 

Intangible assets - customer contracts

 

 

1,925

 

 

 

 

3

 

Inventory

 

 

172

 

 

 

N/A

 

Total consideration transferred

$

 

71,000

 

 

 

 

 
Flogistix  
Business Combination [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed The following table presents the consideration transferred and fair value of Flogistix assets acquired and liabilities assumed in accordance with ASC 805 (in thousands):

 

Cash and cash equivalents

$

 

193

 

Accounts receivable - trade, net

 

 

18,104

 

Inventory

 

 

82,378

 

Prepaid expenses and other current assets

 

 

2,551

 

Property, plant and equipment

 

 

357,443

 

Intangible assets

 

 

110,290

 

Finance lease right-of-use assets

 

 

8,629

 

Operating lease right-of-use assets

 

 

9,763

 

Other assets

 

 

358

 

Accounts payable - Trade

 

 

(18,143

)

Accrued expenses

 

 

(9,495

)

Current portion of finance lease obligations

 

 

(2,356

)

Current portion of operating lease obligations

 

 

(3,579

)

Deferred revenue

 

 

(4,085

)

Operating lease obligations, net of current portion

 

 

(6,172

)

Finance lease obligations, net of current portion

 

 

(6,506

)

Long-term debt

 

 

(205,933

)

Identifiable net assets acquired

 

 

333,440

 

Goodwill

 

 

66,325

 

Total consideration transferred

$

 

399,765

 
FPS  
Business Combination [Line Items]  
Schedule of Assets Acquired and Liabilities Assumed

The following table presents the consideration transferred and fair value of Flowco Productions assets acquired and liabilities assumed in accordance with ASC 805 (in thousands):

 

Cash and cash equivalents

$

 

2,895

 

Accounts receivable - trade, net

 

 

42,999

 

Inventory

 

 

61,194

 

Prepaid expenses and other current assets

 

 

1,565

 

Property, plant and equipment

 

 

28,608

 

Intangible assets

 

 

194,000

 

Finance lease right-of-use assets

 

 

6,102

 

Operating lease right-of-use assets

 

 

5,151

 

Other assets

 

 

300

 

Accounts payable - Trade

 

 

(11,119

)

Accrued expenses

 

 

(15,534

)

Current portion of finance lease obligations

 

 

(3,225

)

Current portion of operating lease obligations

 

 

(2,179

)

Operating lease obligations, net of current portion

 

 

(2,972

)

Finance lease obligations, net of current portion

 

 

(2,877

)

Long-term debt

 

 

(29,930

)

Identifiable net assets acquired

 

 

274,978

 

Goodwill

 

 

179,885

 

Total consideration transferred

$

 

454,863

 
Oilfield Services Company  
Business Combination [Line Items]  
Schedule of Final Purchase Price and Assessment of Fair Value of Assets Acquired

The table below presents the final purchase price and assessment of the fair value of the assets acquired (in thousands). There was no measurement period adjustment made to the account balances recorded at the acquisition date.

Property, plant and equipment

$

 

2,363

 

Intangible assets

 

 

3,928

 

Earnout liability

 

 

(548

)

Identifiable net assets acquired

 

 

5,743

 

Goodwill

 

 

1,257

 

Total consideration transferred

$

 

7,000