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Acquisitions | 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] |
Acquisitions | Acquisitions Acquisition of Mission Construction and BERE Rentals On June 12, 2026, we acquired all of the outstanding equity interests in Mission Construction LLC (“Mission Construction”), and BERE Rentals LLC (“BERE Rentals”) pursuant to equity purchase agreements with unrelated third-party sellers for aggregate consideration of $6.5 million, funded with cash on hand, including a holdback payable of $0.7 million due within one year of closing and subject to reduction for valid indemnification claims arising from customary representations, warranties and covenants. Both Mission Construction and BERE Rentals provide fiber optic services to utility customers in the midwestern region of the United States. The acquisitions were accounted for as business combinations under ASC 805, Business Combinations, with the results of Mission Construction and BERE Rentals included in the Infrastructure Services segment of our consolidated financial statements from the acquisition date. The acquisitions were undertaken to expand our presence in the fiber optic services market, broaden our services to utility customers, and strengthen our position in the region. The following table summarizes the fair value of Mission Construction and BERE Rentals as of June 12, 2026:
| Mission Construction | BERE Rentals | Total
Cash and cash equivalents | $ | 43 |  | $ | 59 |  | 102 |
Accounts receivable, net | 795 |  | 364 |  | 1,159 |
Other current assets | — |  | 1 |  | 1 |
Property, plant and equipment | 1,454 |  | 1,396 |  | 2,850 |
Identifiable intangible assets - customer relationships | 295 |  | 1,087 |  | 1,382 |
Identifiable intangible assets - trade names | 70 |  | 161 |  | 231 |
Goodwill | 986 |  | 476 |  | 1,462 |
Total assets acquired | $ | 3,643 |  | $ | 3,544 |  | $ | 7,187 |
Accounts payable and accrued liabilities | $ | 351 |  | $ | 26 |  | $ | 377 |
Other current liabilities | 192 |  | 119 |  | 311 |
Total liabilities assumed | $ | 543 |  | $ | 145 |  | $ | 688 |
Net assets acquired | $ | 3,100 |  | $ | 3,399 |  | $ | 6,499 |
The purchase price allocation presented above is preliminary and subject to change as additional information becomes available regarding the fair values of assets acquired and liabilities assumed during the measurement period. The acquired customer relationship and trade name intangible assets each have an estimated useful life of seven years.

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