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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

24. SUBSEQUENT EVENTS

Business Acquisitions—On January 3, 2023, the Company completed the business acquisition of Frontier Analytical Laboratories (“Frontier”) by acquiring certain of its assets and operations. Frontier is a specialized environmental laboratory based in El Dorado Hills, CA.

On February 1, 2023, the Company completed the business acquisition of Environmental Alliance, Inc. (“EAI”) by acquiring 100.0% of its common stock. EIA provides environmental remediation and consulting services, and is based in Wilmington, DE.

These transactions qualified as business acquisitions and will be accounted for as business combinations. The following table summarizes the elements of the purchase price of these acquisitions:

 

 

 

Cash (1)

 

 

Other
Purchase
Price
Components
(2)

 

 

Total
Purchase
Price

 

Frontier

 

$

1,146

 

 

$

 

 

$

1,146

 

EAI

 

 

3,750

 

 

 

1,412

 

 

 

5,162

 

 

(1) The cash portion of this acquisition’s purchase price was funded through cash on hand.

(2) The other purchase price component consists of liabilities assumed.

The Company has not yet completed the initial purchase price allocation for these acquisitions, including obtaining all of the information required for the valuation of the acquired intangible assets, goodwill, assets and liabilities assumed, due to the timing of the close of the transactions.