v3.26.1
Acquisitions (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Allocation of Fair Value of Assets and Liabilities
The following table summarizes the purchase price and estimated fair values of assets acquired and liabilities assumed as of the Pioneer Power Effective Date, with any excess of purchase price over estimated fair value of the identified net assets acquired recorded as goodwill.
(in thousands)Purchase Price AllocationMeasurement Period AdjustmentsAdjusted Purchase Price Allocation
Consideration:
Cash$66,612 $— $66,612 
Total Consideration66,612 — 66,612 
Fair value of assets acquired:
Cash and cash equivalents961 — 961 
Accounts receivable18,416 — 18,416 
Contract assets(1)
4,176 920 5,096 
Other current assets58 — 58 
Property and equipment6,291 — 6,291 
Intangible assets16,200 — 16,200 
Amount attributable to assets acquired46,102 920 47,022 
Fair value of liabilities assumed:
Accounts payable, including retainage8,071 — 8,071 
Accrued expenses and other current liabilities1,527 — 1,527 
Contract liabilities(1)
6,506 1,843 8,349 
Amount attributable to liabilities assumed16,104 1,843 17,947 
Goodwill$36,614 $923 $37,537 
(1)    Measurement period adjustments recorded during the quarters ended March 31, 2026 and December 31, 2025 reflect changes to the fair value of contract assets acquired and contract liabilities assumed, resulting in a net increase of approximately $0.1 million and $0.9 million, respectively, to goodwill.