Acquisition - United Steel Supply (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Assets Acquired and Liabilities Assumed

The aggregate purchase price was preliminarily allocated to the opening balance sheet of USS as of March 1, 2019. The following initial allocation of the purchase price (in thousands) is preliminary based on the information available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The accounting for the acquisition has not yet been completed because the company has not finalized the valuations of the acquired assets, assumed liabilities and identifiable intangible assets, if any, including goodwill.


Current assets, net of cash acquired	$	94,020
Property, plant & equipment		7,388
Intangible assets and goodwill		101,918
Total assets acquired		203,326
Liabilities assumed		81,224
Redeemable noncontrolling interest		28,690
Net cash consideration	$	93,412