Business Combinations |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Business Combination [Abstract] | |
| Business Combinations | 4. Business Combinations On September 30, 2026, the Company completed the acquisition of 100% of the issued and outstanding equity interests of Enerflex Service PTY Ltd., PT. Enerflex and Exterran (Thailand) Ltd. (the "Enerflex Asia Pacific aftermarket business"), which operates principally in three countries and eight locations providing aftermarket services, including long-term service agreements, to the oil and gas industry. The aggregate consideration transferred was approximately $61.6 million (including $17.0 million cash acquired), funded from cash on hand. The acquisition was accounted for as a business combination in accordance with ASC 805. The acquisition was completed on the last day of the Company's interim reporting period. Accordingly, the assets acquired and liabilities assumed are reflected in the Company's Consolidated Statements of Financial Position as of September 30, 2026, and the related cash outflows are reflected within investing activities in the Company's Consolidated Statements of Cash Flows. As the acquisition closed on the period-end date, the results of operations of the acquired business were not included in the Company's Consolidated Statements of Operations or operating cash flows for the three and nine months ended September 30, 2026. Due to the timing of the acquisition, the fair values of net assets acquired, including goodwill, have not been finalized and are therefore subject to change as additional information about the assets and liabilities existing as of the acquisition date is obtained during the measurement period. The preliminary fair value estimates are based on management’s best estimates and assumptions. These amounts are subject to change during the measurement period as additional information becomes available regarding facts and circumstances that exist at the acquisition date. Transaction costs associated with the acquisition amounted to $3.8 million. These costs were expensed as incurred and are included within selling, general and administrative expenses in the Company's Consolidated Statements of Operations. During the fiscal year 2026, acquisition related transaction costs were $0.9 million, and $2.1 million for the three and nine months ended September 30, 2026 and included expenses associated with professional services.
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