XML 37 R27.htm IDEA: XBRL DOCUMENT v3.22.2
Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

21. SUBSEQUENT EVENTS

 

Business Acquisition—On August 1, 2022, the Company completed the business acquisition of TriAD Environmental Consultants, Inc. (“TriAD”) by acquiring 100.0% of the company's common stock. This company is an environmental consulting company. TriAD is based in Nashville, TN. TriAD is part of the Company’s Assessment, Permitting & Response segment.

 

 

 

 

 

 

Total

 

 

 

Cash (1)

 

 

Purchase Price

 

TriAD

 

$

3,000,000

 

 

$

3,000,000

 

 

 

(1) The purchase price of this acquisition was funded 100.0% through cash on hand.

 


Due to the timing of the close of this transaction, the Company has not yet completed the initial purchase price allocation for this acquisition, including obtaining all of the information required to determine the acquired intangible assets, goodwill, assets and liabilities assumed.