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Acquisitions (Tables) | 3 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Summary of Purchase Price Allocation of Purchase of Acquired Identifiable Assets, Liabilities Assumed and Goodwill | The table below outlines the purchase price allocation of the purchase for Midwest Grinding to the acquired identifiable assets and liabilities assumed as of December 31, 2024 (in $000’s):
Total purchase price |  |  | $ | 1,000 |
Accounts payable |  |  | 1 |
Total consideration |  |  | 1,001 |
Accounts receivable |  |  | 152 |
Other current assets |  |  | 71 |
Property and equipment |  |  | 738 |
Intangible Assets |  |  |
Customer relationships |  | $ | 16 |  |
Trade names |  | 15 |  |
Non-compete agreement |  | 9 |  |
Intangible assets |  |  | 40 |
Total assets acquired |  |  | 1,001 |
Total goodwill |  |  | $ | — |
The fair value of the purchase price components was approximately $13.9 million, as detailed below (in $000's):
Purchase price |  | $ | 11,758 |
Fair value of contingent consideration |  | 2,000 |
Holdback |  | 122 |
Net purchase price |  | $ | 13,880 |
The table below outlines the purchase price allocation for the purchase of Central Steel to the acquired identifiable assets, liabilities assumed, and goodwill as of December 31, 2024 (in $000’s):
Total purchase price |  |  | $ | 13,880 |
Accounts payable |  |  | 464 |
Accrued liabilities |  |  | 969 |
Total liabilities assumed |  |  | 1,433 |
Total purchase price plus liabilities assumed |  |  | 15,313 |
Cash |  |  | 184 |
Accounts receivable |  |  | 2,418 |
Inventory |  |  | 2,171 |
Property and equipment |  |  | 5,034 |
Intangible assets |  |  |
Trade names |  | 400 |  |
Customer relationships |  | 900 |  |
Non-compete |  | 825 |  |
Subtotal intangible assets |  |  | 2,125 |
Other assets |  |  | 475 |
Total assets acquired |  |  | 12,407 |
Total goodwill |  |  | $ | 2,906 |
The fair value of the purchase price components outlined above was approximately $2.0 million, as detailed below (in $000's):
Cash |  | $ | 500 |
Deferred consideration |  | 1,200 |
Earnout |  | 301 |
Purchase price |  | $ | 2,001 |
The table below outlines the purchase price allocation of the purchase for Johnson to the acquired identifiable assets and liabilities assumed as of December 31, 2024:
Total purchase price |  |  | $ | 2,001 |
Accounts payable |  |  | 1,017 |
Accrued liabilities |  |  | 1,141 |
Total liabilities assumed |  |  | 2,158 |
Total consideration |  |  | 4,159 |
Accounts receivable |  |  | 1,252 |
Inventory |  |  | 1,127 |
Property, plant and equipment |  |  | 157 |
Intangible assets |  |  |
Customer relationships |  | $ | 1,301 |  |
Non-compete agreement |  | 306 |  |
Subtotal intangible assets |  |  | 1,607 |
Other assets |  |  | 16 |
Total assets acquired |  |  | 4,159 |
Total goodwill |  |  | $ | — |
The fair value of the purchase price components was $1.4 million, as detailed below (in $000's):
Cash |  | $ | 1,034 |
Additional consideration |  | 89 |
Holdback |  | 300 |
Purchase price |  | $ | 1,423 |
The table below outlines the purchase price allocation of the purchase for CRO to the acquired identifiable assets, liabilities assumed and goodwill (in $000’s):
Total purchase price |  |  | $ | 1,423 |
Accounts payable |  |  | 770 |
Accrued liabilities |  |  | 1,298 |
Total liabilities assumed |  |  | 2,068 |
Total consideration |  |  | 3,491 |
Accounts receivable |  |  | 259 |
Inventory |  |  | 1,406 |
Property and equipment |  |  | 261 |
Intangible assets |  |  |
Non-compete agreement |  | 1,190 |  |
Subtotal intangible assets |  |  | 1,190 |
Other assets |  |  | 286 |
Total assets acquired |  |  | 3,402 |
Total goodwill |  |  | $ | 89 |
Schedule of Disposal Groups, Including Discontinued Operations | On May 24, 2024, CRO Affiliated entered into an asset purchase agreement with the original seller of Johnson under which the original seller agreed to purchase certain assets and assume certain obligations acquired by CRO Affiliated under the original asset purchase agreement. Consequently, CRO Affiliated recorded a loss on disposition of Johnson’s assets and liabilities of approximately $0.3 million, as detailed in the table below (in $000's):
Accounts payable and accrued liabilities |  |  | $ | 475 |
Earnout |  |  | 307 |
Seller note |  |  | 1,230 |
Lease liabilities |  |  | 2,703 |
Total deconsolidation of liabilities |  |  | 4,715 |
Inventory |  |  | 613 |
Property and equipment |  |  | 206 |
ROU assets |  |  | 2,692 |
Intangible assets |  |  |
Customer relationships |  | 1,224 |  |
Non-compete agreement |  | 281 |  |
Subtotal intangible assets |  |  | 1,505 |
Total deconsolidation of assets |  |  | 5,016 |
Total loss on disposition |  |  | $ | (301) |

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