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Business Combinations and Divestitures
6 Months Ended
Mar. 31, 2025
Business Combinations [Abstract]  
Business Combinations and Divestitures

9) Business Combinations and Divestitures

During the six months ended March 31, 2025 the Company acquired one heating oil and two propane businesses for approximately $79.6 million in cash. The gross purchase price was allocated $37.5 million to intangible assets, $16.8 million to goodwill, $25.2 million to fixed assets and $0.1 million of working capital. The acquired companies’ operating results are included in the Company’s consolidated financial statements starting on their respective acquisition dates, and are not material to the Company’s financial condition, results of operations, or cash flows.

During the six months ended March 31, 2025, the Company sold certain assets for cash proceeds of $0.3 million.

During the six months ended March 31, 2024 the Company acquired one propane and three heating oil businesses for an aggregate purchase price of approximately $22.6 million in cash. The gross purchase price was allocated $14.4 million to intangible assets, $6.3 million to goodwill, $2.8 million to fixed assets and reduced by $0.9 million of negative working capital.