Acquisitions (Tables)

12 Months Ended

May 31, 2025

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Ragasco, we identified and valued the following intangible assets:


								Useful Life
Category				Amount				(Years)
Trade name				$	4,379			10
Technological know-how					14,659			10
Customer relationships					12,660			15
Total acquired identifiable intangible assets				$	31,698

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed


						Measurement
		Preliminary				Period				Final
		Valuation				Adjustments				Valuation
Cash and cash equivalents		$	1,925			$	-			$	1,925
Accounts receivable			8,554				-				8,554
Inventory			16,403				-				16,403
Other current assets			990				-				990
Property, plant and equipment			27,325				-				27,325
Operating lease assets			8,834				-				8,834
Deferred income taxes			365				-				365
Intangible assets			32,840				(1,142	)			31,698
Total identifiable assets			97,236				(1,142	)			96,094
Accounts payable			(4,885	)			-				(4,885	)
Current operating lease liability			(980	)			-				(980	)
Accrued expenses			(6,344	)			-				(6,344	)
Noncurrent operating lease liability			(7,886	)			-				(7,886	)
Deferred income taxes			(9,226	)			251				(8,975	)
Other liabilities			(100	)			-				(100	)
Net identifiable assets			67,815				(891	)			66,924
Goodwill			40,748				891				41,639
Purchase price		$	108,563			$	-			$	108,563

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Halo, we identified and valued the following intangible assets:


								Useful Life
Category				Amount				(Years)
Trade name				$	3,500			10
Product design/know-how					800			8
Customer relationships					200			8
Total acquired identifiable intangible assets				$	4,500

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed


						Measurement
		Preliminary				Period				Final
		Valuation				Adjustments				Valuation
Cash		$	73			$	-			$	73
Accounts receivable			255				-				255
Inventories			5,511				269				5,780
Property, plant and equipment			1,732				-				1,732
Intangible assets			4,500				-				4,500
Total identifiable assets			12,071				269				12,340
Accounts payable			(7,363	)			17				(7,346	)
Other accrued items			(1,099	)			-				(1,099	)
Net identifiable assets			3,609				286				3,895
Goodwill			8,302				(212	)			8,090
Net assets			11,911				74				11,985
Noncontrolling interest			(2,392	)			(5	)			(2,397	)
Total cash consideration		$	9,519			$	69			$	9,588

Level5 Tools, LLC

Schedule of Acquisition of Intangible Assets

In connection with the acquisition of Level5, we identified and valued the following intangible assets:


Category		Amount				Useful Life (Years)
Trade name		$	13,500			Indefinite
Customer relationships			13,300			10
Technological know-how			6,500			20
Non-compete agreement			280			3
Total acquired identifiable intangible assets		$	33,580

Schedule of Consideration Transferred for the Assets and the Preliminary Fair Value Assigned to Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid the final fair value assigned to the assets and liabilities assumed at the acquisition date:


						Measurement
		Preliminary				Period				Final
		Valuation				Adjustments				Valuation
Cash and cash equivalents		$	1,515			$	-			$	1,515
Accounts receivable			2,860				-				2,860
Inventories			9,161				-				9,161
Prepaid expenses			64				-				64
Property, plant and equipment			273				-				273
Intangible assets			33,580				-				33,580
Operating lease assets			377				-				377
Total identifiable assets			47,830				-				47,830
Accounts payable			(3,175	)			-				(3,175	)
Accrued expenses			(904	)			151				(753	)
Current operating lease liabilities			(111	)			-				(111	)
Noncurrent operating lease liabilities			(266	)			-				(266	)
Net identifiable assets			43,374				151				43,525
Goodwill			15,947				-				15,947
Total purchase price			59,321				151				59,472
Less: Fair value of earnout			(2,000	)			-				(2,000	)
Plus: Net working capital deficit			282				(151	)			131
Cash purchase price		$	57,603			$	-			$	57,603