v3.26.1
Goodwill and Identifiable Intangible Assets, Net
6 Months Ended
Jun. 30, 2026
Goodwill and Identifiable Intangible Assets, Net  
Goodwill and Identifiable Intangible Assets, Net

6. Goodwill and Identifiable Intangible Assets, Net

Goodwill

The changes in the carrying amount of goodwill are as follows (in thousands):

  ​ ​ ​

Mechanical Segment

  ​ ​ ​

Electrical Segment

  ​ ​ ​

Total

Balance at December 31, 2024

$

601,512

$

273,758

$

875,270

Acquisitions and purchase price adjustments (See Note 5)

 

52,897

97,348

150,245

Balance at December 31, 2025

654,409

371,106

1,025,515

Acquisitions and purchase price adjustments (See Note 5)

75,960

75,960

Balance at June 30, 2026

$

654,409

$

447,066

$

1,101,475

Identifiable Intangible Assets, Net

At June 30, 2026, future amortization expense of identifiable intangible assets is as follows (in thousands):

Year ending December 31—

  ​ ​ ​

  ​ ​ ​

2026 (remainder of the year)

$

47,332

2027

 

81,587

2028

 

70,629

2029

64,362

2030

51,827

Thereafter

 

218,843

Total

$

534,580