GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2024 by segment are as follows:

($ in thousands)	Manufacturing		Distribution		Total
Balance - December 31, 2023	$	560,370	$	77,023	$	637,393
Acquisitions	120,757		260		121,017
Adjustments to preliminary purchase price allocations	16		(107)		(91)
Balance - June 30, 2024	$	681,143	$	77,176	$	758,319

Schedule of Intangible Assets, Net

Intangible assets, net consist of the following as of June 30, 2024 and December 31, 2023:

($ in thousands)	June 30, 2024		December 31, 2023
Customer relationships	$	911,239	$	729,664
Non-compete agreements	22,546		21,561
Patents	87,600		69,401
Trademarks	217,527		197,027
Intangible assets, gross	1,238,912		1,017,653
Less: accumulated amortization	(413,597)		(366,500)
Intangible assets, net	$	825,315	$	651,153

Schedule of Changes in Intangible Assets

Changes in the carrying value of intangible assets for the six months ended June 30, 2024 by segment are as follows:

($ in thousands)	Manufacturing		Distribution		Total
Balance - December 31, 2023	$	553,703	$	97,450	$	651,153
Additions	195,924		25,690		221,614
Amortization	(40,529)		(6,567)		(47,096)
Adjustments to preliminary purchase price allocations	—		(356)		(356)
Balance - June 30, 2024	$	709,098	$	116,217	$	825,315