SUBSEQUENT EVENT |
9 Months Ended |
|---|---|
Jul. 31, 2022 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT | SUBSEQUENT EVENTOn September 1, 2022, we completed our previously announced acquisition of RavenVolt, Inc. (“RavenVolt”), a nationwide provider of advanced turn-key microgrid systems utilized by diversified commercial and industrial customers, national retailers, utilities, and municipalities. RavenVolt’s operations will be primarily included within our Technical Solutions segment. Consideration paid to RavenVolt’s stockholders was approximately $170.0 million in cash, subject to customary working capital and net debt adjustments, and was funded with borrowings under our revolving line of credit. In addition, contingent consideration of up to $280.0 million in cash may be paid in calendar years 2024, 2025, and 2026, if the RavenVolt business achieves certain financial targets, as defined in the merger agreement, in calendar years 2023, 2024, and 2025. |