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Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

21. SUBSEQUENT EVENTS

Business Acquisitions—On July 31, 2023, the Company completed the business acquisition of Vandrensning.com ApS (“Vandrensning”) by acquiring 100.0% of its common stock. Vandrensning provides water treatment services, and is based in Denmark.

This transaction qualifies as a business acquisition and will be accounted for as a business combination. The following table summarizes the main elements of the purchase price of the acquisition:

 

 

 

Cash(1)(2)

 

 

Other Purchase Price Obligations(2)

 

 

Contingent
Earn-Out
(2)

 

 

Purchase Price(2)

 

Vandrensning

 

$

3,267

 

 

$

363

 

 

$

1,100

 

 

$

4,730

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

(2) Amounts have been translated from Euros to U.S. Dollars by using the July 31, 2023 exchange rate.