v3.25.4
Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets INTANGIBLE ASSETS
The gross carrying amounts and accumulated amortization of intangible assets were as follows:
Successor
Weighted Avg.
Remaining
Life (Years)		December 31, 2025December 31, 2024
Gross Carrying AmountAccumulated
Amortization		Net Carrying AmountGross Carrying AmountAccumulated
Amortization		Net Carrying Amount
Customer relationships13.5$1,282,032 $(82,609)$1,199,423 $658,783 $(18,298)$640,485 
Customer backlog
1.788,466 (31,126)57,340 — — — 
Tradenames12.6139,498 (11,059)128,439 98,392 (2,731)95,661 
Technology3.28,019 (1,839)6,180 4,925 (414)4,511 
$1,518,015 $(126,633)$1,391,382 $762,100 $(21,443)$740,657 
Amortization expense recognized on intangible assets was $104.1 million and $21.8 million during the year ended December 31, 2025 and for the period July 30 through December 31, 2024, respectively. For the period January 1 through July 29, 2024, and the year ended December 31, 2023, amortization expense recognized on intangible assets was $23.4 million and $39.4 million, respectively. Amortization expense is recorded in selling, general, and administrative expense on the consolidated statements of operations and comprehensive income (loss). Estimated amortization expense for the five following fiscal years is as follows:
YearAmount
2026$147,857 
2027116,706 
2028102,788 
2029100,082 
203099,497 
Thereafter824,452 
Total $1,391,382