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Business Combinations and Divestitures
9 Months Ended
Jun. 30, 2022
Business Combinations [Abstract]  
Business Combinations and Divestitures

9) Business Combinations and Divestitures

During fiscal year 2022 the Company has acquired five heating oil dealers for an aggregate purchase price of approximately $15.6 million; $13.1 million in cash and $2.5 million in deferred liabilities. The gross purchase price was allocated $7.3 million to intangible assets, $3.1 million to goodwill, $5.6 million to fixed assets and reduced by $0.4 million of negative working capital . The acquired companies’ operating results are included in the Company’s consolidated financial statements starting on their respective acquisition date, and are not material to the Company’s financial condition, results of operations, or cash flows.

During fiscal year 2021, the Company acquired two propane and three heating oil dealers for approximately $42.5 million; $40.7 million in cash and $1.8 million of deferred liabilities. The gross purchase price was allocated $37.3 million to goodwill and intangible assets, $6.2 million to fixed assets and reduced by $1.0 million of negative working capital. On October 27, 2020, the Company sold certain propane assets for cash proceeds of $6.1 million.