Subsequent Events |
12 Months Ended |
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Dec. 31, 2023 | |
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| Subsequent Events |
16. SUBSEQUENT EVENTS On January 29, 2024, we entered into an agreement to acquire the assets of PCI which is expected to close in early March 2024. This specialty distribution acquisition focuses on blended, customized insulation products, accessories, and equipment for sale exclusively to the pest control industry and its national customer base includes some of the largest pest control services companies in the country. The purchase price of approximately $13.3 million will be funded by cash on hand. This acquisition will be accounted for as a business combination under ASC 805, “Business Combinations.” |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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