Acquisitions |
6 Months Ended |
|---|---|
Jun. 30, 2022 | |
| Business Combination and Asset Acquisition [Abstract] | |
| Acquisitions | Acquisitions Global Parts Group, Inc.
On July 26, 2021, we acquired Global Parts Group, Inc. ("Global Parts") for a preliminary purchase price of $40 million, net of cash acquired. The purchase price includes $2 million of contingent consideration, representing the fair value recognized for
potential future earn-out payments. See Note (8) "Fair Value Measurements," for additional information regarding the earn-out obligation.
During the three and six months ended June 30, 2021, we incurred $0.2 million of acquisition-related expenses, which are included in selling, general and administrative expenses.
HAECO Special Services, LLC
On March 1, 2021, we acquired HAECO Special Services, LLC ("HSS") from HAECO Airframe Services, LLC, a division of HAECO Americas ("HAECO") for the purchase price of $14.8 million. HSS operating results are included in our Federal and Defense segment. The acquisition was not material to our consolidated financial statements.
During the six months ended June 30, 2021, we incurred $0.3 million of acquisition-related expenses, which are included in selling, general and administrative expenses.
|