Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions Prior to the IPO, the Predecessor received indirect support from Holdings for certain internal and external corporate activities including, but not limited to, consolidation accounting, tax services, legal, and other Madison Industries corporate and infrastructure related services. This support ceased following the spin-off of the Predecessor from Holdings in connection with the IPO. The Company incurred $10.7 of costs associated with these services during the six months ended June 30, 2026 and did not incur any such costs following March 31, 2026. For the three and six months ended June 30, 2025, the Company incurred $3.8 and $8.3, respectively, related to these services. As of June 30, 2026 and December 31, 2025, there were no amounts outstanding related to these services. In connection with the IPO and related spin-off from Holdings, the Company entered into a Transition Services Agreement ("TSA") with MIH effective April 15, 2026. Under the TSA, MIH provides certain transition services to support the Company's operation as a public company, including tax, information technology and other administrative support services. The Company incurred $0.5 related to TSA services for the three and six months ended June 30, 2026, respectively, which were recorded in selling, general and administrative expenses in the condensed consolidated statements of income (loss). There were no amounts outstanding related to the TSA services as of June 30, 2026.
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