v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Successor      
Current assets      
Cash and cash equivalents $ 155,739 $ 139,134  
Accounts receivable, net 206,652 236,520  
Prepaid expenses and other current assets 14,276 18,582  
Total current assets 376,667 394,236  
Property, plant and equipment, net 183,473 [1] 189,233  
Operating lease right-of-use assets, net 30,515 30,001  
Goodwill 848,977 845,939  
Intangible assets, net 733,057 740,657  
Deferred income tax asset 765 765  
Other assets 6,826 6,908  
Total assets 2,180,280 2,207,739  
Current liabilities      
Accounts payable 20,786 13,877  
Accrued expenses and other current liabilities 61,804 67,676  
Current portion of debt 7,731 7,750  
Current portion of lease obligations 17,607 17,028  
Total current liabilities 107,928 106,331  
Debt, net of current portion 744,706 747,048  
Non-current lease obligations 39,541 40,753  
Deferred income tax liabilities 146,431 150,672  
Other liabilities 12,627 11,763  
Total liabilities 1,051,233 1,056,567  
Commitments and contingencies (Note 14)  
Equity      
Preferred Stock, Value  
Common Stock, Value 12 12  
Treasury stock (Predecessor), 7,769 common shares at cost    
Additional paid-in capital 1,294,745 1,293,638  
Accumulated deficit (132,782) (106,989)  
Accumulated other comprehensive loss (32,928) (35,489)  
Total stockholders’ equity 1,129,047 1,151,172  
Total liabilities and stockholders’ equity $ 2,180,280 $ 2,207,739  
Predecessor      
Current assets      
Cash and cash equivalents     $ 87,061
Accounts receivable, net     233,244
Prepaid expenses and other current assets     13,608
Total current assets     333,913
Property, plant and equipment, net     112,264
Operating lease right-of-use assets, net     22,441
Goodwill     511,501
Intangible assets, net     264,335
Deferred income tax asset     2,368
Other assets     15,793
Total assets     1,262,615
Current liabilities      
Accounts payable     23,206
Accrued expenses and other current liabilities     65,775
Current portion of debt     7,280
Current portion of lease obligations     16,623
Total current liabilities     112,884
Debt, net of current portion     668,031
Non-current lease obligations     38,061
Deferred income tax liabilities     35,294
Other liabilities     26,346
Total liabilities     880,616
Commitments and contingencies (Note 14)    
Equity      
Preferred Stock, Value    
Common Stock, Value     50
Treasury stock (Predecessor), 7,769 common shares at cost     (1,029)
Additional paid-in capital     366,327
Accumulated deficit     17,447
Accumulated other comprehensive loss     (796)
Total stockholders’ equity     381,999
Total liabilities and stockholders’ equity     $ 1,262,615
[1] Long-lived assets consists of plant, property and equipment as identified in “Note 6. Plant, Property, and Equipment”