Subsequent Events

6 Months Ended

Jun. 30, 2025

Subsequent Events [Abstract]

Subsequent Events

19. Subsequent Events

The Prospect Transaction

On July 1, 2025, the Company completed the previously announced Prospect Transaction. In connection with the closing of the Prospect Transaction, the Company entered into a letter agreement that, among other things, reduced the aggregate purchase price from $745.0 million to $707.9 million and removed certain working capital adjustments and related escrow.

The aggregate purchase price paid at the closing of the Prospect Transaction consisted of $707.9 million in cash and the assumption of certain identified liabilities of the sellers. The acquisition was financed using $707.3 million of proceeds from DDTL A (see Note 8 — “Credit Facility and Bank Loans” for more information on the Second Amended and Restated Credit Facility).

Additional disclosures required by ASC 805, Business Combinations, with respect to the acquisition have been omitted because the information needed for the disclosures is not currently available due to the close proximity of closing of this transaction with the date these financial statements are being issued.